Question
Which of the following can NOT be regarded as the criticism about actual costing (i.e., using an actual overhead rate instead of a predetermined overhead
Which of the following can NOT be regarded as the criticism about actual costing (i.e., using an actual overhead rate instead of a predetermined overhead rate)? Group of answer choices It does not allow timely reporting or assignment of costs for specific jobs or products.
It may not provide stable overhead rates since the market and production conditions may change frequently across periods.
It does not have any overhead variance to be closed at the end of each period.
Identical products may be assigned different amounts of overhead
if they are produced in different periods in which the actual cost of overhead resources may be fluctuated.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started