The Concept of Predetermined Overhead Rate: (Formula, and Example)
Predetermined Overhead Rate Predetermined Overhead Rate is the overhead rate used to calculate the Total Fixed Production Overhead. It is part of the Absorption Costing calculation. The Predetermined Rate is usually calculated annually and at the beginning of each year. This rate will be recalculated if the predetermined is materially incorrect or different from the …
The Concept of Predetermined Overhead Rate: (Formula, and Example) Read More »