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Identify a true statement about variable overhead. It is expressed in terms of physical measure, such as machine hour, that reflects the causes of overhead
Identify a true statement about variable overhead.
It is expressed in terms of physical measure, such as machine hour, that reflects the causes of overhead expenditures.
Its per unit rate is not valid for planning and controlling variable overhead.
Its per unit rate is used only to allocate variable overhead to individual products for product costing.
It is expressed as a total cost per accounting period for planning and control purposes.
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