Question

An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as

a.

unadjusted cost approach

b.

adjusted allocation rate approach

c.

unadjusted allocation approach

d.

adjusted cost approach

Posted under Cost Accounting

Answer: (b).adjusted allocation rate approach

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Q. An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as

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