Exercise 2 Listed below are several terms relating to activity-based costing: Process value analysis Facility level High volume Activity centers Product level Volume Plantwide overhead rate Low volume Batch level Two stage Unit level Stage Choose the term or terms above that most appropriately complete the following statements. The terms can be used more than once. (Note that a blank can hold out more than one word.) 1. A single overhead rate used throughout an entire plant operation is known as a