Question: 1.What is a predetermined overhead rate and explain why many companies use it? 2.Many accountants believe that overhead costs are the main source of product

1.What is a predetermined overhead rate and explain why many companies use it?

2.Many accountants believe that overhead costs are the main source of product cost distortions.Do you agree or disagree?

3.Explain activity-based product costing.

Please make sure that the questions are answered in complete sentences with adequate detail. Please require at least one reference.

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