Biology Forums - Study Force

Which of the following statements are true?

1. If a job is not completed at year end, then no manufacturing overhead cost would be applied to that job when a predetermined overhead rate is used.

2. Actual overhead costs are not assigned to jobs in a job costing system.

3. The amount of overhead applied to a particular job equals the actual amount of overhead caused by the job.

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Only statement I is true.

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Only statement II is true.

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Statements II and III are true.

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All of the statements are true.

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