Which of the following statements is not correct concerning multiple overhead rate systems? Multiple Choice A multiple overhead rate system is more complex than a system based on a single plantwide overhead rate. A multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate. A company may choose to create a separate overhead rate for each of its production departments In departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on machine-hours rather than on direct labor-hours. Which of the following statements is not correct concerning multiple overhead rate systems? Multiple Choice A multiple overhead rate system is more complex than a system based on a single plantwide overhead rate. A multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate. A company may choose to create a separate overhead rate for each of its production departments In departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on machine-hours rather than on direct labor-hours