Acct 526 final exam - Study guides, Class notes & Summaries

University of Louisiana, Lafayette ACCT 526 / ACCT526 Final Exam 1 Question 1 Correct Mark 3.00 out of 3.00 Overhead costs are assigned to production using an overhead application rate, whereas no such application rate is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that: Select one: a. overhead is an indirect cost which cannot be traced easily and directly to specific units of product b. independent of both the numb...