During an accounting period,job costs are computed on an ongoing basis by the use of ________.
A) actual allocation rates
B) budgeted indirect-cost rates
C) overallocated indirect-cost rates
D) underallocated indirect-cost rates

Question

Quizplus · Accepted Answer

Job costs are computed using budgeted indirect-cost rates to allocate costs throughout the accounting period, allowing for timely cost information and avoiding the need to wait for actual rates.

During an Accounting Period,job Costs Are Computed on an Ongoing