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1. What type of products are most suitable to be accounted for under Job order costing and Process costing? Please explain with examples. 2. How

1. What type of products are most suitable to be accounted for under Job order costing and Process costing? Please explain with examples.

2. How is predetermined overhead rate is calculated and when this rate is calcluated?

3. Explain what it means to have MOH account underapplied and overapplied.

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