17. Which of the following statements is incorrect? A. An input measure rather than an output measure
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Question:
17. Which of the following statements is incorrect?
A. An input measure rather than an output measure is selected when computing an overhead rate.
B. A debit balance in the overhead account indicates that overhead is underabsorbed.
C. Job order costing accumulates all indirect costs in an overhead account and distributes these costs to individual jobs through the use of an overhead rate.
D. A prospective overhead rate is set at the end of the year and is used to charge overhead to jobs.
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