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Which of the following is characteristic of companies that use a plantwide overhead allocation rate? A plantwide overhead allocation rate is used by companies that

Which of the following is characteristic of companies that use a plantwide overhead allocation rate? A plantwide overhead allocation rate is used by companies that make different products using varying amounts of overhead. A plantwide overhead allocation rate is used by companies that make few products and where production is similar across product lines. A plantwide overhead allocation rate is used by companies with multiple products across multiple product lines. A plantwide overhead allocation rate is used by large companies with multiple overhead allocation rates for each product line.

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