1. The single plantwide factory overhead rate is calculated as follows:

   		Actual Overhead Cost/Actual Allocation Base
   		Actual Overhead Cost/Budgeted Allocation Base
   		Total Budgeted Factory Overhead Costs/Total Budgeted Allocation Base
   		Total Budgeted Factory Overhead/Actual Factory Overhead

2. Which of the following cannot be used for external financial reporting since it does not include all manufacturing costs?

   		Single plantwide factory overhead rate
   		Activity-Based Costing
   		Multiple production Department Factory Overhead Rates

3. Which of the following can be used to improve the cost of a product by identifying activities with cost improvement opportunities?

   		Activity Based Costing
   		Single plantwide factory overhead rate
   		Multiple production department factory overhead rate