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Which of the following is false regarding predetermined overhead rates? Multiple Choice Predetermined overhead rates...

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Accounting

Which of the following is false regarding predetermined overhead rates? Multiple Choice

Predetermined overhead rates are computed in advance so that the cost of jobs can be calculated as they are completed.

Estimates are used in the calculation of predetermined overhead rates.

Predetermined overhead rates are used to assign manufacturing overhead to jobs.

Predetermined overhead rates can only be calculated at the end of the period.

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