Which of the Following Statements Is Incorrect

question 86

Multiple Choice

Which of the following statements is incorrect?

• A) A predetermined overhead rate may be used to allocate overhead costs when volume varies during the year.
• B) A predetermined overhead rate is calculated using actual cost and volume data.
• C) A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost.
• D) A company may need to allocate overhead costs to products to make pricing decisions for the products.

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Definitions:

Prestige Needs

The desire for esteem, respect, and admiration from others, considered as part of higher-level needs in Maslow's hierarchy.

Aggressive Needs

The need to express aggression or hostility, often considered in psychological contexts as stemming from frustration or a desire for dominance.

Sexual Needs

The requirement for sexual expression and satisfaction, regarded as a fundamental aspect of human biology and psychological well-being.

Self-actualization

The accomplishment of one's potential and abilities, perceived as an inherent aspiration or obligation in all humans.