Question 40 3 points Save Answer Based on your spreadsheet the Orange Juice Company's Net Income for the year was? $3,552,875.00 (53,550,375.00) (53,552,875.00) $3,550,375.00 Question 45 3 points Save Answer TRUE or FALSE The best budgetary system in the world is useless if budgetary slack is not minimized. True False Question 49 3 points Save Answer Why do we need to compute a Pre Determined Overhead Rate (POHR) in Job Order Costing? Since actual overhead is not known we must make an allocation that is based on the best estimate. When Cost Pools are used Since actual overhead is not known we must make an allocation that is based on the process costing formula. We do not calculate POHR in Job Order Costing. Question 50 3 points Save Answer TRUE or FALSE The difference in Estimated (Budgeted) q and Actual q is called the Activity Variance. True False