The departmental overhead rate method involves the following four steps: 1)Assign overhead costs to departmental cost pools,2)select an allocation base for each department,3)compute overhead allocation rates for each department,and 4)use departmental overhead rates to assign overhead costs to products.

Question

Quizplus · Accepted Answer

This statement describes the correct process for the departmental overhead rate method.

The Departmental Overhead Rate Method Involves the Following Four Steps