1. Identify each of the following as True or False True or False Departmental overhead rates are much simpler to apply than plant wide overhead rates. A plant wide rate is more costly to prepare than is a departmental rate. Plant wide overhead rates allow companies with a diverse product offering to accurately assign overhead costs. A plant wide rate provides less accurate cost information than does a departmental rate The use of a plant wide overhead rest is less time consuming and less expensive than multiple departmental overhead rates. A plant wide overhead rate can lead to a more accurate identification of a company's cost driver. The use of a plant wide rate is easy. A plant wide rate is more costly to prepare than is a departmental rate