Managerial accounting: Explain the reason managerial accountants use a predetermined manufacturing overhead $($during the month or quarter$)$ rate during the period rather than an actual overhead rate. 

It is the end of the quarter and all of the actual manufacturing overhead costs are accounted for explain how to handle under aplied overhead if the product is already sold? How will this differ if the product is still in inventory $($not sold$)?$

 

Answer rating: 100% (QA)

Managerial accountants use a predetermined manufacturing overhead rate during the period rather than an actual overhead rate for the following reasons ... View the full answer