Which of the following statements are true?
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.
Actual overhead costs are not assigned to jobs in a job costing system.
The amount of overhead applied to a particular job equals the actual amount of overhead caused by the job.
Only statement I is true.
Only statement II is true.
Statements II and III are true.
All of the statements are true.
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