(Answered) 1 overhead allocation do you agree with the following

Accounting

1. Overhead Allocation. Do you agree with the following statement? Explain your answer. Total estimated overhead costs will vary depending on whether we use the plantwide method, department method, or activity-based costing to allocate overhead.

2. Product Costs. The company president makes the following statement: "Product costs are straightforward. Whatever costs are incurred to produce a product are assigned to that product." Do you agree with this statement? Explain.

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