Acct 321 6380 Fall 2018 Quiz #2 Essays Essays are more than one paragraph in length They… 1 answer below »

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Acct 321 6380 Fall 2018 Quiz #2 Essays

Essays are more than one paragraph in length

They demonstrate an understanding of the topic

Are logically constructed

May not have a single right or wrong answer

Question #1

There are direct, indirect and overhead costs. When allocating costs, is it better to have more direct, more indirect or more overhead costs? Why?

Question #2

There are actual overhead rates and predetermined overhead rates. Are their instances when using an actual overhead rate is better than a predetermined overhead rate? Are there times a predetermined overhead rate is better than an actual rate?