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Terms in this set (15)
What is the purpose for using predetermined overhead rates?
a) Delays in product costing can be avoided
b) Variation in cost assignment due to seasonality can be prevented
c) Variation in cost assignment due to short-term variations in volume can be prevented
d) Use of predetermined overhead rates serves all the above purposes
a) Delays in product costing can be avoided
b) Variation in cost assignment due to seasonality can be prevented
c) Variation in cost assignment due to short-term variations in volume can be prevented
d) Use of predetermined overhead rates serves all the above purposes