The plantwide rate approach is the simplest to apply, but it is also the most costly to implement, compared to a departmental or activity-based cost allocation system.

Name: The plantwide rate approach is the simplest to apply, but it is also the most costly to implement, compared to a departmental or activity-based cost allocation system.
Brand: Quizplus
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Quizplus · Accepted Answer

The plantwide rate approach is the simplest, and least costly, to apply, but it provides the least precise measurement of product costs.

The Plantwide Rate Approach Is the Simplest to Apply, but It