Why do many managers desire to use a predetermined overhead rate instead of an actual overhead rate? Select one: a. Because it is impossible to ever know actual overhead costs. b. Because the use of predetermined overhead rates will always result in lower product prices c. Because predetermined overhead rates are more accurate than actual overhead rates d. Because actual overhead amounts are often not known in a timely enough manner to make decisions. e. All of the above. Which of the following statements regarding plant-wide overhead rates is true? Select one a. Plant wide overhead rates based on the direct labor hours of machine time works well for all company b. Plant-wide overhead rates must use machine hours as their cost driver As the number of diverse products a company makes increases the likelhood that a company will replace a plant-wide overhead rate with a departmental overhead rate increases . d. Plant-wide overhead rates are usually more costly to prepare than a departmental overhead rate. e. None of these are correct Under Activity Based Costing which of the following statements is true regarding activities? Select one: Activities are consumed by resources b. Overhead costs can be traced to more than one activity Activities seldom cause work to be accomplished. In a manufacturing company.. an activity that drives overhead costs should only take place within the physical manufacturing facility. None of these are true. Which of the following is true about normal costing? Select one: a. Actual overhead costs are not assigned directly to jobs in normal costing b. Normal costing does not solve the problems associated with actual costing. c. The applied overhead is not calculated on a job specific basis in normal costing. d. Normal costing uses only the indirect costs of direct materials. e. All of these are correct