Under GAAP-based costing, what assumption justifies allocating organization-level manufacturing overhead among products?

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asked Dec 12, 2018 24.1k views

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Margareth Reena · Answer 1 · 2018-12-18T04:26:37+0000

Because the costs associated with organization-level manufacturing overhead among products are untraceable, it is not possible to specify what product was responsible for what overhead, so GAAP-based costing accounts for the untraceability.

Under GAAP-based costing, what assumption justifies allocating organization-level manufacturing overhead among products?

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