QUESTION 1 Which of these statements is not true about overhead cost allocation: A Firms calculate their predetermined overhead rates before the start of an accounting period. OB. Managers can set an appropriate selling price without knowing product cost information. Managers would select machine usage as the cost driver for overhead costs in the Production Department if they oc believe that there is a direct relationship between the number of machine hours used and the amount of overhead costs incurred. When a manufacturer changes from using a single plant-wide overhead allocation rate to multiple rates, the results OD may better reflect each product's consumption of overhead resources. $40 QUESTION 3 Juneau, Inc. manufactures two models of its product: Basic and Deluxe. The firm allocates manufacturing overhead using a single plant-wide rate based on direct labor cost. Estimated overhead costs for the year are $25,500. Additional estimated information includes: Basic Deluxe Direct materials cost per unit $33 Direct labor cost per unit $53 $61 Number of units 530 units 360 units Calculate the amount of overhead to be allocated to the Basic product. (Round your final answer to the nearest dollar) O A $14,312 OB $11.189 OC $481 OD $327