The rate established prior to the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct labor, and that is used to assign overhead cost to jobs, is the:
A) Predetermined overhead allocation rate.
B) Overhead variance rate.
C) Estimated labor cost rate.
D) Chargeable overhead rate.
E) Miscellaneous overhead rate.
Correct Answer:
Verified
Q71: A source document that production managers use
Q72: The R&R Company's production costs for August
Q73: Alton Company has an overhead application rate
Q74: Penn Company uses a job order cost
Q75: A company that uses a job order
Q77: The overhead cost applied to a job
Q78: A source document that an employee uses
Q79: A source document that an employee uses
Q80: A company has an overhead application rate
Q81: Bard Manufacturing uses a job order cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents