Question: In 100 words or fewer, explain why we use a predetermined overhead allocation rate instead of waiting to use the real rate. In your answer,

In 100 words or fewer, explain why we use a predetermined overhead allocation rate instead of waiting to use the “real” rate. In your answer, explain how the rate works with the Manufacturing Overhead account.

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In 100 words or fewer, explain why we use a predetermined overhead rate instead of waiting to use the real rate. In your answer, explain how the rate works with the Manufacturing overhead account.

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