The allocation rate in job costing is the dollar amount per unit of allocation base used to allocate overhead to each cost object.
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Q16: A job can be an individual product
Q17: Variable overhead includes costs such as management
Q18: Prime costs are direct labour and direct
Q19: Inventory is reported at cost in the
Q20: Manufacturing overhead includes all production costs except
Q22: Actual overhead is debited to the overhead
Q23: In actual costing overhead is allocated using
Q24: The allocation base is a measure of
Q25: The journal entry to record overhead allocated
Q26: The estimated allocation rate equals actual overhead
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