?Which of the following statements is not correct concerning multiple overhead rate systems None of the given answers .a O A company may choose to create a separate overhead rate for each of its production b O .departments shi In departments that are relatively labor-intensive, their overhead costs should be applied to .c O jobs based on direct labor-hours rather than on machine-hours A multiple overhead rate system is more complex than a system based on a single plantwide d O .overhead rate A multiple overhead rate system is usually more accurate than a system based ona single .e O .plantwide overhead rate

?Which of the following statements is not correct concerning multiple overhead rate systems None of the given answers .a O A company may choose to create a separate overhead rate for each of its production b O .departments shi In departments that are relatively labor-intensive, their overhead costs should be applied to .c O jobs based on direct labor-hours rather than on machine-hours A multiple overhead rate system is more complex than a system based on a single plantwide d O .overhead rate A multiple overhead rate system is usually more accurate than a system based ona single .e O .plantwide overhead rate

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Why are some manufacturing firms switching from direct-labor hours to machine hours or throughput time as the basis for overhead application?
Please answer me quickely!
Which of the following is false? Multiple Choice Overhead costing accuracy is Improved by the use of multiple departmental rates rather than a single overhead rate. The departmental overhead rate method uses more overhead rates than the plantwide overhead rate method. The departmental overhead method assigns overhead on the basis of volume-related measures. The departmental overhead rate method and the plantwide overhead rate method both comply with GAAP and can be used for external reporting. The departmental overhead rate method does not assign overhead on the basis of volume-related measures.
If the single plantwide overhead rate is the easiest method to allocate support department costs to production departments, why would a company use a more complicated method?
What are the advantages and disavantages of the traditional, activity based costing, and multiple production department methods for allocating factory overhead?
please quickly thanks !give me correct answer !single choice!
Which of the following statements is false? (You may select more than one answer.)a. In recent years, most companies have experienced increasing manufacturing overhead costs in relation to direct labor costs.b. Activity-based costing systems may use direct labor-hours and/or machine-hoursto assign unit-level costs to products.c. Facility-level costs are not caused by particular products.d. Product-level costs are larger for high-volume products than for low-volumeproducts.
QUESTION 9 Using a plant-wide factory overhead rate distorts product costs when: A. products require different ratios of allocation-base usage in each production department B. significant differences exist in the factory overhead rates used across different production departments C. both A and B exist D. either A or B exist
- Online i Total costs accumulated for a particular job are typically presumed to be less accurate when a company uses multiple overhead rates. True or False True False
Time left Activity-based costing: O a. provides the same results as the departmental overhead costing O b. typically applies overhead costs using direct labor-hours O c. None of the given answer. O d. does not assign any non-manufacturing overhead costs to product costs. O e. uses a pool rate for all costs incurred by the same activity which can reduce the number of cost assignments required. CLEAR MY CHOICE In Al-Waha Water Bottling Company, costs incurred for research and developments would be classified as a: O a. none of the given answers. O b. Unit level activity. of O c. Batch level activity. O d. Organization- sustaining level activity. O e. Product- sustaining level activity. CLEAR MY CHOICE NEXT PAGE MacBook Air FB F7 吕口 F3 F5 F1 F2 * % $ 4 @ 7 8 A9 6 一 W E R Y *** ق DSF G K S ش X, C V BiN M %#3
I post agin this question ....
Why would a manufactury company with multiple production department still prefrer to use a single plantwide overhead rate