Question: A job order cost system uses a predetermined fixed factory overhead rate based on normal activity and expected fixed cost. At the end of the

A job order cost system uses a predetermined fixed factory overhead rate based on normal activity and expected fixed cost. At the end of the year, underapplied fixed overhead might be explained by which of the following situations?

Actual volume Actual fixed costs

a. Greater than normal Greater than expected

b. Greater than normal Less than expected

c. Less than normal Greater than expected

d. Less than normal Less than expected

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