Economics · Overhead Absorption Rates
A single overhead absorption rate computed for the entire factory rather than establishing separate rates for individual departments is called a/an:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Historical rate only
- 2Departmental rate
- 3Blanket rate (or plant-wide rate)✓
- 4Standard prime rate
Correct answer
Blanket rate (or plant-wide rate)
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