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Which of the following statement is true? O Under-applied overhead variance results when actual overhead cost is lower than the applied overhead costs. o Overhead
Which of the following statement is true? O Under-applied overhead variance results when actual overhead cost is lower than the applied overhead costs. o Overhead variance is closed to FG inventory only if the amount is immaterial O Companies producing customized products in small quantities use job order costing system O Job order costing system is always superior to process costing system
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