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How should one account for nonmanufacturing ( period ) costs? Compute a predetermined rate and apply the period costs using a cost allocation base that
How should one account for nonmanufacturing period costs?
Compute a predetermined rate and apply the period costs using a cost allocation base that sensibly drives period costs
Debit manufacturing overhead, credit cash or payable
Debit cost of goods sold, credit cash or payable
Expense them as they are incurred, credit cash or payable
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