Ask Question
BusinessBusiness
9 March, 11:09

A method of assigning overhead costs to a product using a single overhead rate is: Multiple Choice a. Plantwide overhead rate method. b. Cost pool overhead rate method. c. Departmental overhead rate method. d. Activity-based costing. e. Overhead cost allocation method.

+3
Answers (1)
  1. 9 March, 13:33
    0
    Plantwide Overhead Rate.

    Explanation:

    This is a system that incorporates all of a company's manufacturing overhead costs to its production output. Examples of such costs would be maintenance, depreciation, electricity etc. (also known as indirect costs). It is calculated using machine or labour labour hour or percentage of a product's direct cost. This system is most suitable when the company manufactures similar products.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A method of assigning overhead costs to a product using a single overhead rate is: Multiple Choice a. Plantwide overhead rate method. b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What do career clusters do for you?
Answers (1)
In an example, assume a contractor submits four different proposals to four different customers in a month's time for the amount of each contract valued at $120,000, $50,000, $250,000, and $80,000.
Answers (1)
Timothy works at Sunshine Mailing, a daily newspaper, and is responsible for editing the sports column. Chloe, Timothy's manager, asks him to handle the gossip column along with the sports column.
Answers (1)
Which of the following statements is true of activity-based costing? Options: O The main advantage of activity-based costing over peanut-butter costing is the accurate distribution of all direct costs to the products.
Answers (1)
On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions.
Answers (1)
New Questions in Business
S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $700,000 and sold the bonds on January 3, 2019, for $702,000.
Answers (1)
Why might the cartel model still make sense even when OPEC produces less than half of the world's oil?
Answers (1)
Your best friend says they don't think insurance is important. Explain to them why it is important to have insurance. How is having insurance important for successful financial management?
Answers (1)
As a smart customer you are always on the lookout for sales coupons and rebates while shopping for new clothes you notice that one particular brand of shirts is on sale for 20% off the original price you also h e a coupon for 10$ off a 40$ purchase
Answers (1)
Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) $ 230,000 Cost of goods sold 135,000 Gross margin 95,000 Selling and administrative expense 43,000 Net operating income 52,000 Interest expense
Answers (1)
Home » Business » A method of assigning overhead costs to a product using a single overhead rate is: Multiple Choice a. Plantwide overhead rate method. b. Cost pool overhead rate method. c. Departmental overhead rate method. d. Activity-based costing. e.
Sign Up Forgot Password?