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Stages of absorption costing are described below. A. share out common costs over benefiting cost centers B. classify the total overheads under a correct cost
Stages of absorption costing are described below. A. share out common costs over benefiting cost centers B. classify the total overheads under a correct cost centers C. Determine the difference between absorbed overheads and actual overheads D. Charge overheads to a cost unit Classify the stages above in the correct order. A. B, D and C A. B, C and D B, A, D and C B, A, C and D to points Which of these statements are true of marginal costing? 1. The contribution per unit will be constant (the same) if the sales volume increases. 2. There is no under or over absorption of overheads. None is true. 1 only. 1 and 2 are both true. 2 only. 10 points Which of the following situations will always result in under absorption of overheads? Actual overheads incurred are higher than the absorbed overheads Actual production volume is lower than budgeted production volume Actual overheads incurred are higher than the budgeted overheads Budgeted overheads are higher than the actual overheads incurred
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