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Signify True or False as applicable for each of the following items as they pertain to predetermined overhead rates and cost allocations. Group of answer
Signify "True" or "False" as applicable for each of the following items as they pertain to predetermined overhead rates and cost allocations.
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When manufacturing overhead costs are associated with multiple allocation bases, a separate allocation rate should be established for each allocation base identified.
Cost pools should include both direct and indirect manufacturing costs.
Cost pools should include all indirect costs, whether manufacturing or non-manufacturing.
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