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Instructions 1 Distinguish between under-and over applied manufacturing overhead! 2. Explain a process cost system and activity based costing. 3 Explain the similarities and differences

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Instructions 1 Distinguish between under-and over applied manufacturing overhead! 2. Explain a process cost system and activity based costing. 3 Explain the similarities and differences between job-order cost and process cost systems 4. Identify activities and cost drivers. 5. Explain the benefits and limitations of activity- based costing

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