The single-rate method makes no distinction between __________ costs.
A)past and present
B)direct and indirect
C)fixed and variable
D)labour and overhead

Question

Quizplus · Accepted Answer

The single-rate method is used for calculating overhead costs and does not differentiate between fixed and variable costs, only applying a single rate to all overhead costs. It does not relate to past and present costs, nor does it differentiate between direct and indirect costs, labor, and overhead.

The Single-Rate Method Makes No Distinction Between __________ Costs