Author Question: The method that restates all overhead entries in the general ledger and subsidiary ledgers using ... (Read 42 times)

joe · **on:** Mar 6, 2021

Question 1

The approach often used when dealing with small amounts of underallocated or overallocated overhead is the ________.
◦ adjusted allocation-rate approach
◦ proration approach
◦ write-off to cost of goods sold approach
◦ adjusted write-off approach

Question 2

The method that restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budgeted cost rates is called ________.
◦ the adjusted allocation rate approach
◦ the proration approach
◦ the write-off of cost of goods sold approach
◦ the weighted-average cost approach

dlook33 · **Reply #1 on:** Mar 6, 2021

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