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Which of the following best describes standard costing? a. the allocation of overhead by multiplying a market-based rate by standard activity b. the allocation of

Which of the following best describes standard costing?

a. the allocation of overhead by multiplying a market-based rate by standard activity

b. the allocation of overhead by multiplying a perdetermined rate by standard activity.

c. the allocation of overhead by multiplying a predtermined rate by actual activity.

d. the allocation of overhead by multiplying a market-based rate by actual activity.

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