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In your own words, provide brief answers for the following (a few sentences or bullet points): 1. Explain how fixed manufacturing overhead costs are shifted

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In your own words, provide brief answers for the following (a few sentences or bullet points): 1. Explain how fixed manufacturing overhead costs are shifted from one period to another under absorption costing. 2. Why do firms use predetermined overhead rates rather than actual manufacturing overhead costs in applying overhead to jobs under job order costing

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