True or False 1.) overhead costs are indirectly relates to products and services 2.) The amount...

True or False

1.) overhead costs are indirectly relates to products and services

2.) The amount of over-or under applied overhead is calculates as the difference between the actual activites miltiplied by the predetermined overhead rate and the actual amount of overhead incurred

3.) The cost of a product or service is the sum of the actual amounts of material labor and overhead costs.

4.) The rate used ti apply overhead to production is calculated before the actual amounts needed for the calculation are known.

Expert Solution

ekkarill92 answered 2 years ago

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