A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

Q. A method that uses a predetermined overhead rate to allocate overhead costs is known as ____.

A.            Plant-wide allocation

B.            Shipping allocation

C.            Department allocation

D.            Production-wide allocation

Answer: Plant-wide allocation

Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page