MCQOPTIONS
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| 1. |
The allocation approach in which all the overhead entries are restated using actual cost rates in place of budgeted rates is classified as |
| A. | unadjusted budget rate approach |
| B. | adjusted allocation rate approach |
| C. | unadjusted allocation rate approach |
| D. | adjusted budget rate approach |
| Answer» C. unadjusted allocation rate approach | |