Difference between revisions of "Adjusted allocation-rate approach"
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==Definitions== | ==Definitions== | ||
Latest revision as of 19:17, 10 July 2020
Adjusted allocation-rate approach is a restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budgeted cost rates.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Adjusted allocation-rate approach. Restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budgeted cost rates.
