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1. A company producing many different kinds of furniture would probably use a job-order cost system. ___ 2. Process costing systems are used in situations

1. A company producing many different kinds of furniture would probably use a job-order cost system. ___ 2. Process costing systems are used in situations where output is homogeneousthe company makes a single product for long periods of time. ___ 3. Most factory overhead costs are direct costs and can be easily identified with specific jobs. ___ 4. The predetermined overhead rate is computed using estimates of overhead cost and the amount of the allocation base

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