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What rate is used to charge or assign actual manufacturing overhead costs to Work in Process, and how is this rate calculated? Which costs are

 What rate is used to charge or assign actual manufacturing overhead costs to Work in Process, and how is this rate calculated?


Which costs are debited to the Manufacturing Overhead account, and which amounts are credited to this clearing account?


What are the 2 different methods by which underapplied or overapplied manufacturing overhead should be cleared from the Manufacturing Overhead account, and which method is more accurate?

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