Asked on 21 Feb 2020

Which of the following statements is not correct concerning multiple overhead rate systems?

 

A multiple overhead rate system is more complex than a system based on a single plantwide overhead rate.\

A multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate.

A company may choose to create a separate overhead rate for each of its production departments.

In departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on machine-hours rather than on direct labor-hours.

Answered on 21 Feb 2020

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