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30 June, 18:56

For external reporting purposes, can a company report applied overhead amounts? Why?

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  1. 30 June, 19:15
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    Yes

    Step-by-step explanation:

    The answer to this question is Yes, For external reporting purposes, a company can report applied overhead amount. This is done to sustain activity of external reporting to develop the overhead application rate also called Predetermined overhead rate. The overhead cost are indirect costs of production.
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