Managers utilize the adjusted-allocation rate approach because it restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budged cost rates.

Name: Managers utilize the adjusted-allocation rate approach because it restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budged cost rates.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The statement correctly describes the reason why managers use the adjusted-allocation rate approach.

Managers Utilize the Adjusted-Allocation Rate Approach Because It Restates All