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Chocolate_Pie Chocolate_Pie
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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
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bigmatic94bigmatic94
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A year ago
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Chocolate_Pie Author
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A year ago
Helped a lot
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