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is option 3 correct? Allocated cost = Actual activity usage x Activity rate In step 3 of ABC, overhead cost is allocated to activities based

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Allocated cost = Actual activity usage x Activity rate In step 3 of ABC, overhead cost is allocated to activities based on the following formula: actual activity usage divided by activity rate actual activity usage times actual activity rate budgeted activity usage divided by budgeted activity rate actual activity usage times budgeted activity rate

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