Question 5 Which of the following accurately describes advantages and disadvantages of employing a system of allocation that uses a plant-wide rate a. The plant-wide rate approach is the simplest to apply, but most likely provides the least accurate product conta b. The plant-wide rate approach is the simplest to apply, but it is also the most costly to implement. Oc. The plant-wide rate may be straightforward, but it is not appropriate for small businesses that offer a single service or product. Od. The plant-wide rate really offers no advantage whatsoever