Which of the following is/are conditions to be met in determining a suitable overhead cost rate?
i) Fair to all parties involved in the allocation process.
ii) Representative of the benefits each party gains from the shared cost.
iii) The most accurate, regardless of the time taken to provide the information.
Is it:
i), ii), and iii)
i) and ii) only
ii) and iii) only
i) and iii) only