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Would you please explain the following terms: 1. Predetermined Overhead rate + the formula. 2. Under-applied Overhead + the formula. 3. Over-applied Overhead + the

Would you please explain the following terms: 1. Predetermined Overhead rate + the formula. 2. Under-applied Overhead + the formula. 3. Over-applied Overhead + the formula. 4. what is the difference between Applied manufacturing overhead and Actual manufacturing overhead? 5. Equivalent unit? 6. what is the formula for Cost per equivalent? 7. Production Report

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