Match Each Description Below to the Appropriate Method for Allocating

question 80

Short Answer

Match each description below to the appropriate method for allocating costs (a-c).
-Support department costs are simply combined with all other overhead costs and total overhead is applied using one cost driver.
A)Single plantwide overhead rate
B)Multiple production department rates
C)Activity-based costing

• A)Single plantwide overhead rate
• B)Multiple production department rates
• C)Activity-based costing

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Definitions:

Singer

An individual who performs vocally, producing musical sounds with their voice, which can range from professional performers to casual enthusiasts.

Franchises

A type of business model that allows individuals or entities to operate their own branches of an established company with its branding, knowledge, and processes.

Product-distribution Franchising

A specific type of franchising agreement where the franchisee sells the franchisor's products directly to the retail customer.

Fast-food Restaurants

Eating establishments that offer quick service, convenience, and food typically prepared in a standardized manner.