This Question: 1 pt 24 of 50 (15 complete) is used for external reporting. O A. Variable costing OB. Direct costing O C. The contribution margin approach O D. Absorption costing Assume machine hours are the cost - allocation base for the budgeted rate for fixedroverhead costs. The total fixed overhead cost applied to a product is the result of multiplying the by the for the product O A. actual fixed overhead rate; budgeted machine hours B. budgeted fixed overhead costs; budgeted machine hours O c. budgeted fixed overhead costs; percent of completion OD. budgeted fixed overhead rate; actual machine hours used