Manufacturing overhead is applied to each job using which formula?

Predetermined overhead rate $$ actual value of the cost driver for the job

Predetermined overhead rate$/$actual value of the cost driver for the job

Predetermined overhead rate $$ estimated value of the cost driver for the job

Actual overhead rate $$ estimated value of the cost driver for the job

Which of the following types of firms would most likely use process costing?

Crammond Custom Cabinets

Jackson & Taylor Tax Service

Sunshine Soft Drinks

Superior Auto Body & Repair