What are the steps in developing a budgeted fixed overhead rate ?
1.Choose the period to use for the budget,
2.Select the cost-allocation base to use in allocating fixed overhead costs to output produced,
3.Identify the fixed-overhead costs associated with each cost-allocation base, and
4.Compute the rate per unit of each cost-allocation base used to allocate fixed overhead costs to output produced.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.