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Which of the following statements about the standard variable factory overhead application rate is true?

a) The rate is a function of the denominator volume chosen.

b) The rate is used for cost-control, but not product-costing purposes.

c) The rate is used for product-costing, but not cost-control purposes.

d) The same rate is used for both product-costing and cost-control purposes.

e) Generally speaking, the rate will be independent of the allocation base chosen to apply overhead.

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Accounting Basics, Accounting

Category:- Accounting Basics
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