Cost Accounting

1Sharing overheads among cost centres on a fair basis is called

2Service department costs reapportioned among production departments using the repeated distribution method account for

3Budgeted overheads GH¢40,000 and budgeted machine hours 8,000. The absorption rate is

4Over-absorption occurs when absorbed overheads are

5Canteen costs are best apportioned on the basis of

6Charging a whole overhead item to the single cost centre that caused it is

7Overhead absorption rate = budgeted overheads ÷

8Rent is commonly apportioned between departments on the basis of

9Over-absorption of overheads occurs when

10Budgeted overheads are GH₵ 40,000 and budgeted machine hours are 8,000. Find the overhead absorption rate.