The predetermined manufacturing overhead rate for company will generally be: A) Higher than actual manufacturing overhead rates. B) Lower than actual mar overhead rates. C) Based on monthly budgets. D) Based on annual budgets. When packaging and shipping are part of a process, which of the that affected by the entries to record packing and shipping? Assume that all packaging materials are purchased on account and held inventory to prior to use. A) Work in Process Inventory B) Manufacturing Overhead C) Wages Payable Materials Inventory D) Cost Goods Sold The variable overhead rate variance is calculated as: A) The difference between the actual and standard rates, multiplied by the actual driver usage B) The difference between the actual and standard rates, multiplied by the standard driver usage C) The difference between Actual costs and Standard Costs D) The difference between Actual Costs and Split Costs E) None of the above