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If a company uses standard costing, the manufacturing overhead applied to Work-in-Process Inventory would be computed as:

a) standard hours x a predetermined (standard) overhead rate.

b) actual hours x a predetermined (standard) overhead rate.

c) standard hours x an actual overhead rate.

d) actual hours x an actual overhead rate.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970175

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