Which of the following are advantages of the plant wide and departmental overhead rate methods? Indicate advantages
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Which of the following are advantages of the plant wide and departmental overhead rate methods? Indicate advantages with an A and disadvantages with a D.
1. They are based on readily available information.
2. They can be used for external financial reporting.
3. Overhead costs are too complex to be explained by only one factor.
4. They violate GAAP.
5. They are easy to implement.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1260247855
8th edition
Authors: John J Wild, Ken W. Shaw
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