Indicate whether each of the following statements is true or false.
A company's variable overhead cost represents such inputs as rent and depreciation.______
The variable overhead cost pool is normally assigned to products using many different allocation rates.______
Variable overhead and fixed overhead variances are calculated using the same basic formulas.______
Many companies choose not to calculate price and usage variances for variable overhead costs.______

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The Answer of Indicate whether each of the following statements is true or false.
A company's variable overhead cost represents such inputs as rent and depreciation.______
The variable overhead cost pool is normally assigned to products using many different allocation rates.______
Variable overhead and fixed overhead variances are calculated using the same basic formulas.______
Many companies choose not to calculate price and usage variances for variable overhead costs.______

Indicate Whether Each of the Following Statements Is True or False