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15. while calculating the costs of produce and services, a standard costing system_ a. allocates overhead costs on the basis of the actual overhead-cost rates

15. while calculating the costs of produce and services, a standard costing system_

a. allocates overhead costs on the basis of the actual overhead-cost rates

b. uses standard costs to determine the cost of products

c. does not keep track of overhead cost

d. traces direct costs to output by multiplying the standard prices or rates by the accurate quantities.

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