07 Jan Acct 321 6380 Fall 2018 Quiz #2 EssaysEssays are m
Acct 321 6380 Fall 2018 Quiz #2 EssaysEssays are more than one paragraph in lengthThey demonstrate an understanding of the topicAre logically constructedMay not have a single right or wrong answerQuestion #1There are direct, indirect and overhead costs. When allocating costs, is it better to have more direct, more indirect or more overhead costs? Why?Question #2There 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?