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A job order cost system uses a predetermined (budgeted) fixed factory overhead rate based on normal activity and exptected fixed cost. At the end of
A job order cost system uses a predetermined (budgeted) fixed factory overhead rate based on normal activity and exptected fixed cost. At the end of the year, underapplied fixed overhead might be explained by which of the following situations? Actual volume Actual fixed costs Less than normal Greater than expected Greater than normal Less than expected Less than normal Less than expected Greater than normal Greater than expected
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