Absorption is also called:

Related MCQs

• The absorption rate may be calculated by the fraction: • Total overhead costs • Total of absorption basis.
• A blanket overhead absorption rate is an absorption rate used throughout a factory and for all jobs and units of output irrespective of the department in which they were produced.
• Predetermined absorption rates is where, the absorption rate calculated in advance using estimates for cost and production volume in the annual financial plan or budget.
• Single overhead absorption rate is also known as:
• A predetermined overhead absorption rate is also known as:
• Overhead absorption is sometimes called overhead recovery.
• An overhead absorption rate is used to:
• The purpose of allocation and apportionment of overheads is to calculate an absorption rate for each production department.
• Absorption rates are used to add overhead costs to:
• A single overhead absorption rate might be used for all the production departments in the factory.