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True or False A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes product costs. If the overhead
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A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes product costs. If the overhead rate is computed annually based on the actual costs and activity for the year, the manufacturing overhead assigned to any particular job can be computed as soon as the job is completed. Indirect costs are usually included in the costs that are allocated to activity cost pools in an activity-based costing system. In the first-stage allocation in an ABC system, some costs may be allocated to a special cost pool that are not subsequently allocated to products or customersStep by Step Solution
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