What Are the Two Components of a Predetermined Overhead Rate

question 45

Multiple Choice

What are the two components of a predetermined overhead rate?

• A)Actual monthly costs and actual annual activity
• B)Estimated monthly costs and actual monthly activity
• C)Estimated annual costs and actual activity
• D)Estimated annual costs and expected annual activity

---

Definitions:

Specific Time Period

A definite or clearly defined stretch of time.

Theories

Theories are systematic frameworks composed of concepts and propositions intended to explain phenomena by specifying relations among variables, providing a coherent set of guidelines for understanding and predicting behavior or events.

Hypotheses

Proposed explanations for a phenomenon, set forth as a starting point for further investigation or experimentation.

Phenomenon

Phenomenon refers to an observable event, fact, or circumstance that can be scientifically investigated to gain understanding or evidence about it, often used to describe unusual or remarkable occurrences.