Which of the following statements is not correct concerning multiple overhead rate systems? a) a multiple overhead rate system is more complex than a system based on a single plantwide overhead rate. b) a multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate. c) a company may choose to create a separate overhead rate for each of its production departments d) in departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on machine-hours rather than on direct labor-hours.

D) In departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on machine-hours rather than on direct labor-hours.

Explanation:

When a company is using a multiple overhead rate system, it assigns different predetermined overhead rates to each department or unit of a factory, instead of having one single overhead rate for the whole manufacturing process. The main advantage of using a multiple overhead rate system is  increased accuracy, while its main disadvantage is the increased complexity of the system.

B. shortage of consumer goods

C. waste and inefficiency

Explanation: