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Distinguish between the single rate and the dual rate methods. A - Single-rate methods are an allocation method that allocates costs in each cost pool
Distinguish between the single rate and the dual rate methods. A - Single-rate methods are an allocation method that allocates costs in each cost pool to cost objects using the same rate per unit of a single allocation base. Dual-rate methods are an allocation method that classifies costs in each cost pool into two pools (a variable and a fixed) with each pool using a different cost-allocation base. Instructors Q - Can you provide some examples? Criteria If answer is outside of our textbook, please provide your source or reference, if within, provide the page or pages. Reference - Horngren, C. T., Datar, S.M., Foster, G., Rajan, M., & Ittner, C. (2009). Cost Accounting: A Managerial Emphasis (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall
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