Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Chocolate_Pie Chocolate_Pie
wrote...
Go to Answer
Posts: 119
Rep: 0 0
A year ago
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.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 114 times
1 Reply
Replies
Answer verified by a subject expert
bigmatic94bigmatic94
wrote...
#1
Posts: 141
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Chocolate_Pie Author
wrote...

A year ago
Just got PERFECT on my quiz
Harvinder
wrote...

Yesterday
This site is awesome
erimis
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1131 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 249
  
 96
  
 315
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Do you trust social media networks with protecting your privacy?