When recording depreciation on factory equipment which of the following account would be credited? Work in Process Inventory Manufacturing Overhead Equipment Accumulated Depreciation-Equipment Accounts Payable Which of the following steps are part of the Activity-Based Costing model? Identify key activities that drive overhead costs Assign overhead costs to activity cost pools Allocate costs to products or units based on driver usage Allocate costs evenly to products or units A, B, and C Homestead Company anticipates that they will incur the following costs and expert during the coming year: If manufacturing overhead is assigned on the basis of direct labor hours, what is predetermined manufacturing overhead rate for the coming year