QUESTION 12 Underapplied and over applied overhead arise because the overhead rate and the amount of the allocation base used by the product are both estimates the usage of the overhead location base by the product, eg machine hours is an estimate overhead applied to the product during the year, based on an estimated overhead rate, compared with actual overhead incurred one of the above 5 points QUESTION 13 0.5 points Standards may be derived using: benchmarking historical data all of the options available the assistance of industrial engineers QUESTION 14 0.5 points All of the following products or services are key to use Sob costing expet the building of a private vacht for a customer o the manufacture of cans of pineapple slices an audit of a town library by a chartered accountant Cliel Save and Submit to me and submit Click Save All Arses to rave all ans. Save Ales ACC00714 5220_.docx ACC00714 Topic.mp4 A @ ACCO0714-Week A ACC00714 - West Act-bied-to.. - ACC0071422.docx Chapter 12 Sumo Shaw a e x 2:34 PM TUDO