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    Business
  3. Study Set
    Cost Management Strategies
  4. Exam
    Exam 17: Flexible Budgets, Overhead Cost Management, and Activity-Based Budgeting
  5. Question
    In a Standard Costing System, Overhead Application Refers to the Addition
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In a Standard Costing System, Overhead Application Refers to the Addition

Question 97

Question 97

True/False

In a standard costing system, overhead application refers to the addition of actual overhead cost to the Work-in-Process inventory as a product cost.

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