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This week we start covering the different costing systems used in manufacturing accounting. Chapter 4 covers Job Order Costing. Please answer the following questions regarding

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This week we start covering the different costing systems used in manufacturing accounting. Chapter 4 covers Job Order Costing. Please answer the following questions regarding job order costing: 1. How is a predetermined factory overhead rate calculated? Name one of the common bases used in calculating the rate. 2. What kind of firm would use a job order cost system and why? CITE YOUR SOURCES

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