QUESTION 1 The practice of using only one base to allocate both fixed and variable costs is called a. Direct rate allocation O b. Single rate allocation c. Dual rate allocation O d. Activity-based allocation QUESTION 2 The following are joint costs in the lumber industry O a. Cost of shipping a load of lumber to a specific customer b. Wages of the person who sells the finished products to customers Oc Costs incurred to turn sawdust and wood chips into chipboard O d. Cutting costs of logs