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15. The process of allocating costs to jobs and tracking each job's costs in a systematic way is handled with a A. Calculator. B.
15. The process of allocating costs to jobs and tracking each job's costs in a systematic way is handled with a A. Calculator. B. Cost allocator. C. WIP account D. Job Cost Sheet. 16. The pre-determined overhead rate is A. Equal to total overhead cost (estimate) divided by the total allocation base or cost driver (actual). B. Expected to be inaccurate. C. Used to calculate the credit side of the WIP account. D. The ratio of cost driver divided by total estimated cost.
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
