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answer all Q please Which of the following accurately describes advantages and disadvantages of employing a system of allocation that uses a plant-wide rate? Select

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Which of the following accurately describes advantages and disadvantages of employing a system of allocation that uses a plant-wide rate? Select one: a. The plant-wide rate may be straightforward, but it is not appropriate for small businesses that offer a single service or product. b. The plant-wide rate approach is the simplest to apply, but most likely provides the least accurate product costs. c. The plant-wide rate really offers no advantage whatsoever. d. The plant-wide rate approach is the simplest to apply, but it is also the most costly to implement A trainee accountant has been asked to complete an overhead absorption calculation. They successfully managed to do the first stage without any problems, however, they are not sure how to do the second stage. You have been asked to assist them to complete the second step. The table below shows what they have managed to calculate so far, DEPARTMENT Indirect Materials No of employees Floor Area (sq metres) Machine value (E) Direct Labour hours ASSEMBLY FINISHING CANTEEN TOTAL 300,000.00 120,000.00 30,000.00 450,000.00 150 100 50 300 10,000 20,000 10,000 40,000 f 100,000.00 500,000.00 200,000.00 800,000.00 150,000 300,000 450,000 Step 1: Apportionment of Overheads OVERHEAD BASIS ASSEMBLY FINISHING CANTEEN TOTAL indirect Materials Indirect Labour Rent Insurance Machine Depreciation Indirect materials No of employees Floor Area Floor Area Machine value 6,000.00 E 4,000.00 E 400.00 100.00 f 125.00 10,625.00 2,400.00 2,666.67 800.00 200.00 625.00 6,691.67 600.00 9,000.00 1,333.33 8,000.00 400.00 1,600.00 100.00 400.00 250.00 1.000.00 2,683.33 20,000.00 T ( Required Complete the second step (re-apportionment) Enter your values rounded to the nearest whole number with no commas or E sign Step 2- Re-apportionment Assembly Finishing Canteen Re apportionment Basis Choose

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