Which of the following statements is true? ...
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Accounting
Which of the following statements is true?
| When calculating the predetermined overhead rate, estimated amounts are used for the total manufacturing overhead costs and total amount of the allocation base used in the numerator and denominator. | ||
| The predetermined overhead rate is calculated based on actual amounts of manufacturing overhead cost and allocation base. | ||
| Allocation is used to assign direct product costs to all manufactured products. | ||
| Predetermined overhead rates are calculated at the end of each annual accounting period. |
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