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Title: Which of the following statements about using a plantwide overhead rate based on direct labor is correct? Post by: Chocolate_Pie on Mar 26, 2023 Which of the following statements about using a plantwide overhead rate based on direct labor is correct?
▸ Using a plantwide overhead rate based on direct labor-hours will ensure that direct labor costs are correctly traced to jobs. ▸ Using a plantwide overhead rate based on direct labor costs will ensure that direct labor costs will be correctly traced to jobs. ▸ It is often overly simplistic and incorrect to assume that direct labor-hours is a company’s only manufacturing overhead cost driver. ▸ The labor theory of value ensures that using a plantwide overhead rate based on direct labor will do a reasonably good job of assigning overhead costs to jobs. Title: Re: Which of the following statements about using a plantwide overhead rate based on direct labor is correct? Post by: bigmatic94 on Mar 26, 2023 Content hidden
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