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QS 17-11 Multiple choice overhead questions LO A2 1. If management wants the most accurate product cost, which of the following costing methods should be used? O Activity-based costing O Volume-based costing using a plantwide overhead rate. O Volume-based costing using departmental overhead rates. ONormal costing using a plantwide overhead rate. 2. Which costing method tends to overstate the cost of high-volume products? Traditional volume-based costing. OActivity-based costing. Differential costing. Job order costing. 3. Disadventages of activity-based costing Include O It is not acceptable under GAAP for external reporting. OIt can be costly to implement COR can be used in activity-based management. It is not acceptable under GAAP for external reporting and it can be costly to implement