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QUESTION 4 1. Distinguish between actual manufacturing overhead and applied manufacturing overhead 2. Are actual manufacturing overhead and applied manufacturing overhead two separate accounts in

QUESTION 4 1. Distinguish between actual manufacturing overhead and applied manufacturing overhead 2. Are actual manufacturing overhead and applied manufacturing overhead two separate accounts in the ledger of a cost accounting system? Explain 3. What is a predetermined overhead rate and WHY is such a rate needed? 4. On what bases can a predetermined overhead rate be defined? Explain clearly and llustrate

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