Question: 2 Practice Problems i Help Save 8 Exit Submit 1 Which of the following statements is true regarding a predetermined overhead rate based on capacity?

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Which of the following statements is true regarding a predetermined overhead rate based on capacity?
Mutiple Choice
It is usually lower than a predetermined overhead rate based on budgeted output for the coming period.
ences
It is usually higher than a predetermined overhead rate based on budgeted output for the coming period.
It will usually be the same as a predetermined overhead rate based on budgeted output for the coming period.
It is most often used for external financial reporting purposes.
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2 Practice Problems i Help Save 8 Exit Submit 1

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