In process costing, the concept of an equivalent units can best be defined as A) the number of units completed during the period. B) the amount of effort or material needed to complete partially finished goods. C) a units of material that can be substituted for each other. D) the amount of whole units that could have been completed with the amount of effort or materials used. Activity-based costing is believed to be a better method for allocating overhead than the traditional one-rate method. Which of the following is NOT a reason for it superiority? OA) Activity-based costing recognizes that different products place different demands on resources. B) Overhead is created by many different activities, not just one. C) Activity-based costing treats overhead cost as directly related to activities which are, in turn, directly related to products, whereas the traditional method treats overhead as indirectly related to products. D) The calculations required for activity-based costing are more complex than for the traditional method. Question 20 (3 points) The traditional method of allocating overhead costs is criticized for a number of reasons. Which of the following assumptions made by the traditional method is NOT a criticism of the traditional method? OA) All of the different types of overhead costs relate to the activity measure chosen to be the denominator in the rate calculation. O B) Different products may place different demands on the activities that cause all of the different types of overhead costs to be incurred. OC) All of the different types overhead costs are unit level, variable costs. OD) All of the different types of overhead costs relate to all products