Adjusted Allocation-Rate Approach Restates All Amounts in the General and Subsidiary

question 72

True/False

Adjusted allocation-rate approach restates all amounts in the general and subsidiary ledgers by using actual rather than budgeted cost rates.

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Definitions:

Situational Cause

Cause of behavior attributed to external factors, such as delays, the action of others, or some other aspect of the situation.

Fundamental Attribution Error

The tendency to attribute others' actions to their character or personality, while attributing our own behaviors to external situational factors.

Internal Attributions

The process of inferring that personal factors, rather than external factors, are the cause of an event or behavior, suggesting that a person’s actions are due to their individual characteristics such as personality or effort.

Situational Causes

Factors in the environment that influence behavior, contrasted with dispositional factors which are traits or characteristics within the person.