Adjusted allocation-rate approach
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Adjusted allocation-rate approach isa 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.
