Question 25 Which of the following statements is not true for multiple overhead rate systems? In departments that are retatively laborintenalve, their overhead costs should be applied to jobs based on machine-hoiars rather than on dirnct labor-hour. A multiple overhesd rate syztem is more complex than a system based on a single plantwide overhead rate. A multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate. A company may choose to create a separate overhead rate for each of its production departments. During the current month the compamy started and finished Job 1 LMO2. The following data wire recorded for this job: places.) 53.82000 5764.00 54.58400 55,042,00 In a job-order costing system, manufacturing overhead applied is recorded as a debit to: Work in Process inventory. Finished Goods inventory. Raw Materials inventory. Cost of Goods Sold