The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.
<h3>What is the Traditional Costing System?</h3>
The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.
In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.
Learn more about the Traditional Costing System here:
brainly.com/question/24516871
Answer: Option (D)
Explanation:
Benefit corporation is referred to as the traditional organization with the modified accountability delivering it to the higher principle of the purpose, responsibility and transparency. The sole purpose of this Benefit corporation is to commit to the creation of public benefit and thus add sustainable value alongside generating the profit.
1: Brokerage firms: a type of non-depository financial institution
that manages and facilitates the purchase of bonds, stocks, and other
types of investments.
2. Depository and non-depository financial
institutions: Depository tends to be things such as banks and
non-depository are life insurance companies; differences between both is
that non-depository are not insured by FDIC.
3. Credit Unions: non-profit, member owned institutions and another type of depository institution.
4. Demand deposit accounts: accounts that individuals and business can use to pay their bills.
5. Bonds: investments that promise to pay a certain amount of interest on the principle amount after a given time.
Critical Thinking. 1. What are some considerations in choosing a financial institution? Which one do you think would be
the most important consideration for you in choosing a financial institution? --When a choosing financial institutions, you want to consider location of the institution and the availability of services in your area. Important factors in choosing for the location and services provided; convenience and how often you go.
2. What are the pros and cons of U.S. savings bonds? --Saving Bonds offer a secure investment; does not cost you state or local tax. The con would be figuring when to cash them in or the maturity of the bond can be confusing.
3. What are some of the problems that individuals might face if they use one of the "problematic"
financial institutions?-- If something happens that results in the person going to the institution for help; institution can charge a high interest or the loan could be short. This can result to the person being in debt or have a mark on their financial record for late payments.
4. What are some of the consumer protections available? What can individuals do to protect
themselves? --Many accounts in the United States have FDIC insurance that covers $100,000 of the money in the indiviudal's account. The government has set regulations that can and can't be practiced with consumers; such as regulations required for banks to disclose all aspects of the agreements with their clients.
5. What are some of the advantages and disadvantages of choosing a federally-insured account?--Advantage: federally insured for up to $100,000.--Disadvantage: interest at which account pays is well below the inflation rate
Answer:
Instructions are below.
Explanation:
Giving the following information:
Job 765:
Direct material= $5,670
Direct labor= $3,500
Machine Hours= 27
Job 766:
Direct material= $8,900
Direct labor= $4,775
Machine Hours= 44
Job 765 produced 152 units, and Job 766 consisted of 250 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.
Costs sheet:
<u>Job 765:</u>
Direct material= 5,670
Direct labor= 3,500
Allocated overhead= 200*27= 5,400
Total cost= 14,570
Unitary cost= 14,570/152= $95.85
<u>Job 766:</u>
Direct material= 8,900
Direct labor= 4,775
Allocated overhead= 200*44= 8,800
Total cost= 22,475
Unitary cost= 22,475/250= $89.9
Answer: C. II and III
Explanation:
There are 5,000,000 shares of PDQ Corporation as of when they declared the rights offering. This means that every share will get a right to buy stock.
However, as only 1,000,000 shares are being offered per the 5,000,000 shares outstanding it means that one stock may be purchased for every 5 rights.
A customer who owns 500 shares will therefore get 500 rights.
However with one stock up for sale per 5 rights they will receive the opportunity to buy;
= 500/5
= 100 shares
