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Company Z found that the differences in product costs resulting from the application of predetermined overhead rates rathe than actual overhead rates were immaterial even
Company Z found that the differences in product costs resulting from the application of predetermined overhead rates rathe than actual overhead rates were immaterial even though actual production was substantially less than planned production most likely explanation is that Costs of overhead items were substantially higher than anticipated, Overhead was composed chiefly of variable costs. Several products were produced simultaneously. Fixed manufacturing overhead was a significant cost
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