Asked by Monique Duplessis on May 25, 2024
Verified
In activity-based costing, a plantwide overhead rate is used to apply overhead to products.
Plantwide Overhead Rate
A single predetermined overhead rate that is used throughout a plant.
- Distinguish between conventional costing methods and activity-based costing techniques.
Verified Answer
AH
Autumn HamiltonMay 31, 2024
Final Answer :
False
Explanation :
In activity-based costing, overhead is applied to products based on their use of different activities, not using a plantwide overhead rate.
Learning Objectives
- Distinguish between conventional costing methods and activity-based costing techniques.