When should a normalized (i.e., predetermined) overhead rate be used?

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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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Question Posted: Jul 15, 2015 08:28 AM

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When the predetermined manufacturing overhead rate is calculated, why are estimated costs and cost driver levels used instead of actual dollars and amounts?
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When should a normalized (i.e., predetermined) overhead rate be used?

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A normalized or predetermined overhead rate should be used when a company does not wish to wait ...View the full answer

Managerial Accounting A Focus on Ethical Decision Making

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