Question: The formula for calculating a predetermined indirect cost rate is: 1) actual indirect costs/budgeted usage of the cost driver. 2) actual indirect costs/actual usage of

The formula for calculating a predetermined indirect cost rate is:

1) actual indirect costs/budgeted usage of the cost driver.

2) actual indirect costs/actual usage of the cost driver.

3) budgeted indirect costs/actual usage of the cost driver.

4) budgeted indirect costs/budgeted usage of the cost driver.

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