Why is using a single plantwide predetermined overhead allocation rate not always accurate?
What will be an ideal response
Using a single plantwide predetermined overhead allocation rate is not always accurate because it is based on only one allocation base and uses that same allocation base to allocate overhead to all products. The allocation base selected might not accurately reflect the way products actually use a company's resources. There might not be a direct cause-and-effect relationship with overhead costs.
Business
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________ is the square root of the variance and is expressed in the same units as the data
A) Range B) Standard error C) Standard deviation D) Mean E) Statistical significance
Business
A co-op would be a wise choice for a consumer who wishes to pay no property taxes
Indicate whether this statement is true or false.
Business