The Rate Established Prior to the Beginning of a Period

question 88

Multiple Choice

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.

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Definitions:

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