3 Which of the following statements about activity-based costing is NOT true? of estion Select one: a. Activity-based costing is more likely to result in major differences from traditional costing systems if the firm manufactures only one product rather than multiple products. b. Activity-based costing differs from traditional costing systems in that products are not cross-subsidized. C. Activity-based costing is useful for allocating marketing and distribution costs. d. Activity-based costing seeks to distinguish batch-level, product-sustaining, and facility- sustaining costs, especially when they are not proportionate to one another. n 14 If the direct cost is 300, the direct labor 500 and indirect cost 220, the total cost is ed Select one: o a. 520 out of b. 800 g question C. 1200 d. 1020 15 The RAND Company uses a job order costing system and computes its predetermined overhead rate at the beginning of each period on the basis of direct labor cost. At the end of current period, the only job in process is the job number 800C. The cost sheet related to job number 800C shows that the following direct materials and direct labor costs were incurred during the period: Direct materials cost: $800 ut of question Direct labor cost: $1,200 The work in process inventory account shows a balance of $2,600 at the end of current period. One the basis of above information, what is the predetermined overhead rate as a percentage of direct labor cost? Select one: a. 75% b. 100% C. 200% d. 50%