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.
llm
Answered on
The method of assigning overhead costs to a product using a single overhead rate is:
a. Plantwide overhead rate method.
In this method, a single predetermined overhead rate is used to allocate overhead costs to products based on a single cost driver, such as direct labor hours or machine hours, across an entire plant or organization.