Question: What is the main difference between a job costing system and an activity-based costing (ABC) system in terms of overhead allocation? Question 8Answer a. Job

What is the main difference between a job costing system and an activity-based costing (ABC) system in terms of overhead allocation? Question 8Answer a. Job costing: multiple overhead rates, ABC: single plantwide rate. b. Job costing: actual costs incurred, ABC: predetermined rates. c. Job costing: direct labor hours, ABC: activity levels. d. Job costing: separate manufacturing overhead account, ABC: separate account for each activity

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