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QUESTION 19 Which of the following statements is incorrect? A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume

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QUESTION 19 Which of the following statements is incorrect? A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost. O A company may need to allocate overhead costs to products to make pricing decisions for the products. A predetermined overhead rate may be used to allocate overhead costs when volume varies during the year. A predetermined overhead rate is calculated using actual cost and volume data

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