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The overhead component of product cost is:

a. the sum of the actual overhead costs incurred in the manufacture of the product.
b. likely to be the same amount for every product made by the company.
c. an estimated amount based on labor hours, machine hours, or some other activity.
d. determined at the end of the year when actual costs and actual production are known.

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The overhead component of product cost is:
a. the sum of the actual overhead costs incurred in the manufacture of the product.
b. likely to...