Chapter 3 Questions
1. The use of a predetermined overhead rate in a job order cost system makes it possible to compute the
total cost of a job before production is begun.
2. If direct labor hours is used as the allocation base in a job order costin
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1. Under variable costing, product costs consist of direct materials, direct labor, and variable
2. Under absorption costing, fixed manufacturing overhead is treated as a product cost.
3. Under variable costing,