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2 At the beginning of the year. Barcroft Co. estimated that its total annual fixed overhead costs would amount to $26.000. Further, Barcroft estimated that
2 At the beginning of the year. Barcroft Co. estimated that its total annual fixed overhead costs would amount to $26.000. Further, Barcroft estimated that its volume of production would be 2,250 units of product. Based on these estimates, Barcroft computed a predetermined overhead rate that was used to allocate overhead costs to the products made during the year. As predicted, actual fixed overhead costs did amount to $26,000. However, actual volume of production amounted to 2.450 units of product. Based on this information alone: nits 00.56.59 Multiple Choice Products were costed accurately during the year. O Products were overcosted during the year. Products were undercosted during the year The answer cannot be determined from the information provided
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