Cost and Managerial Accounting Online MCQ Set 13

QN01. Over applied FOH will always result when a predetermined FOH rate is applied and: Production is greater than defined capacity Actual overhead costs are less than budgeted overhead Budgeted capacity is less than normal capacity Actual overhead incurred is less than applied Overhead Answer(D)Actual overhead incurred is less than applied Overhead QN02. ______________ is…

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