What is the effect of the following journal entry? Manufacturing Overhead Control (rework) Materials Control Wages Payable Manufacturing Overhead Control Allocated 125 30 80 15 to set up rework costs on the balance sheet to record $125 of overhead as rework costs to accumulate rework costs so they can be assigned to a specific job to expense $125 of overhead as rework costs to allocate $125 of overhead as rework costs Which of the following is FALSE regarding activity-based costing (ABC)? ABC systems improve the accuracy of overhead allocation ABC systems classify costs into unit-level ABC systems classify costs into product-sustaining ABC systems classify costs into batch-level ABC systems use only individual activities as cost objects The standard-costing method requires an analysis of the spoilage costs in ending inventory makes calculating equivalent-unit costs unnecessary requires an analysis of the spoilage costs in beginning inventory adds a layer of complexity to the calculation of equivalent-unit costs in a process-costing environment requires a calculation of the cost allocation rate