The approach that restates all overhead entries in the general ledger and job-cost records to represent actual cost rates rather than budgeted cost rates is known as:

Question

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The adjusted-allocation rate approach involves restating all overhead entries in the general ledger and job-cost records to reflect actual cost rates rather than budgeted cost rates. This method ensures that the overhead costs allocated to products or jobs are as accurate as possible, reflecting the actual costs incurred.

The Approach That Restates All Overhead Entries in the General