Question: Identify the formula used to calculate applied overhead under normal costing. a . Applied Overhead = Predetermined Overhead Rate times Estimated Activity Level b

Identify the formula used to calculate applied overhead under normal costing.
a. Applied Overhead = Predetermined Overhead Rate \times Estimated Activity Level
b. Applied Overhead = Actual Overhead Rate \times Actual Activity Level
c. Applied Overhead = Predetermined Overhead Rate \times Actual Activity Level
d. Applied Overhead = Actual Overhead Rate \times Estimated Activity Level

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