Which of the following statements is true? a) Using either direct labor hours or direct...
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Accounting
Which of the following statements is true?
a) Using either direct labor hours or direct labor costs to calculate a plantwide overhead rate will generally ensure that direct labor costs are accurately traced to jobs.
b) An assumption that the only cost driver of an organization is direct labor hours is generally not accurate.
c) A manufacturing overhead rate is only determined and used for fixed manufacturing overhead.
d) Manufacturing overhead is directly traced to jobs using an overhead application rate(s).
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