The Spreading of Underallocated or Overallocated Overhead Among Ending Work-In-Process,finished

question 62

Multiple Choice

The spreading of underallocated or overallocated overhead among ending work-in-process,finished goods,and cost of goods sold is called:

• A)the adjusted allocation rate approach.
• B)the write-off of cost of goods sold approach.
• C)the proration approach.
• D)None of these answers are correct.

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Definitions:

Associated

Connected or linked with something else in relation to ideas, feelings, or memories.

Reflex

It is an involuntary, immediate response to a specific stimulus without conscious thought.

Classical Conditioning

A learning mechanism where the consistent association of two stimuli leads to a response, initially evoked by the second stimulus, being evoked by the first stimulus alone over time.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.