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Describe some costs of using multiple overhead rates

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1. Describe some costs and benefits of using multiple overhead rates instead of a plantwide overhead rate.

2. Describe the process of two-stage cost allocation in the development of departmental overhead rates.

3. Define each of the following terms, and explain the relationship among them: (a) overhead cost distribu- tion, (b) service department cost allocation, and (c) overhead application.

Reference no: EM13890827

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