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Which statement A-D regarding formal charge is not correct?
Predetermined Overhead Rate
It is a rate used to allocate estimated overhead costs to cost objects based on a chosen activity base, calculated before the period begins.
Machine-Hours
A measure of the amount of time a machine is used during the production process.
Variable Manufacturing Overhead
Costs that vary directly with the level of production output and are a part of the total manufacturing overhead.
Fixed Manufacturing Overhead
Costs associated with production that do not vary with the level of output, such as salaries of supervisory staff and rent.
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