Select all that applyWhich of the following are true?Multiple select question.If multiple products use the manufacturing facilities in many different ways, a plantwide rate is ideal.The choice of whether to use a plantwide rate or departmental rates depends on the products and the production process.If the company manufactures products that are quite similar and that use the same set of resources, the plantwide rate is probably sufficient.Managers need to choose between plantwide and departmental rates based on the costs and benefits of each.

Select all that applyIn the plantwide allocation method, Blank______.Multiple select question.one overhead allocation rate, or set of rates, is used to allocate overhead for all departmentsall costs are allocated to the plant and not the individual departmentseach department across the plant has a unique overhead allocation ratethe cost pool is the entire plant

Plantwide allocation can be used in Blank______. Multiple choice question.both manufacturing and nonmanufacturing organizationsmanufacturing organizations onlynonmanufacturing organizations only

Multiple Choice QuestionLanden Company uses a single plantwide overhead rate based on direct labor hours. Total budgeted overhead costs are $200,000. Total budgeted direct materials are $50,000 and total budgeted direct labor hours are 80,000. What is the plantwide overhead rate per direct labor hour?Multiple choice question.$2.50$4.00$0.40$0.25

Which of the following best describes a plant operating at capacity?Multiple ChoiceEvery machine and person in the plant is working at the maximum possible rate.Fixed costs will need to change to accommodate increased demand.Only some specific machines or processes are operating at the maximum rate possible.Managers should produce those products with the highest contribution margin in order to deal with the constrained resource.

Multiple Select QuestionSelect all that applyStrengths of the departmental overhead rate method and the plantwide overhead method include all of the following: (Check all that apply.)Multiple select question.They are based on readily available information.They are easy to implement.They comply with GAAP.Both methods are based on a single overhead rate.