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Doctors Medicines MCQs Q&A

  1. unadjusted budget rate approach
  2. adjusted allocation rate approach
  3. unadjusted allocation rate approach
  4. adjusted budget rate approach
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1 Answers

Answer: Option 2

An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called adjusted allocation rate approach. The adjusted allocation-rate approach restates or corrects estimated overhead costs booked throughout the year, so that the actual overhead costs are recorded properly.

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