An allocation approach, in which all the overhead entries are restated using act

Sail E0 Webinar

Question

An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called

Options:

A . unadjusted budget rate approach

B . adjusted allocation rate approach

C . unadjusted allocation rate approach

D . adjusted budget rate approach

Answer: Option B
Answer: (b).adjusted allocation rate approach

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. The procedure of assigning the direct cost to any cost abject is classified as....

Question 2. In an accounting system, the document which supports journal entries is classified as....

Question 3. If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirec....is $23000, then the over allocated indirect cost would be

Question 4. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the bu....is $165500, then the budgeted indirect cost rate will be

Question 5. If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indir....per hour, then the annual indirect cost (budgeted) will be

Question 6. The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold ....process, finished goods and goods sold cost is classified as

Question 7. In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classif....$2000 and the actual amount is $2200, it classified as

Question 8. If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then bud....2800 labor hour, then budgeted manufacturing overhead rate will be

Question 9. If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect c....per hour, then the annual indirect cost (budgeted) would be

Question 10. The fifth step in process costing system is to....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

GPOE / GPA Combined 1 Free Mock Test SAIL JO E-0 2024

Chapter 3.1 : INTRODUCTION Chapter 3 : Sinter Plant SAIL E0 - GPOE/GPA 2024

Chapter 2.3 : COAL HANDLING PLANT - Set 1 Chapter 2 : Coke Ovens and Coal Chemicals SAIL E0 - GPOE/GPA 2024

Chapter 1.1 : INTRODUCTION Chapter 1 : Raw Material Handling Plant SAIL E0 - GPOE/GPA 2024

DSP Combined 1 Free Revision Test SAIL JO E-0