The Approach That Restates All Overhead Entries in the General

question 9

Multiple Choice

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:

• A)overhead adjusted.
• B)controlling overhead.
• C)manufacturing overhead.
• D)adjusted-accounting rate.
• E)adjusted-allocation rate.

---

Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.

Capital Per Worker

The total capital stock of an economy divided by the number of labor workers, influencing productivity.

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced per hour of labor.

Per-Worker Production Function

The relationship between the amount of capital per worker in the economy and average output per worker.