1) How many methods did we discuss in class for allocating overhead? 1 Point O Three Eight O Seven O Five 2) Why is it important to choose the right method of overhead allocation for each company? 1 Point 3) The single plantwide factory overhead rate is 1 Point O Complex and hard to use O Simple and inexpensive to use Not really used anymore in current companies 4) Single Plantwide Factory Overhead Rate is calculated by:. Allocation Base 1 Point O Total Budgeted Factory Overhead Actual Machine hours O Total Budgeted Job Order Cost Total Budgeted Plantwide 5) You would use multiple (not single) production department factory overhead rates when: 1 Point O Factory Overhead Rates vary between departments O Different Products use different amounts of factory overhead Both of the above