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valina [46]
3 years ago
6

Which of the following is an allocation base commonly used under the traditional methods for allocation of overhead costs?

Business
1 answer:
Ksju [112]3 years ago
6 0

Answer: Direct labor hours

Explanation: In simple words, direct labor hours refers to the standard amount of time that the labor takes to complete a task. It is a very common and has been used traditionally as an allocation base for the overhead costs.

Using this as a base, the accountant can allocate the overheads by allocating the per unit cost on the basis of direct labor hours worked in a particular span of time.

Hence, from the above we can conclude that the correct option is B.

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How long does it take to get a bio degree?
saw5 [17]
In Biology, once you graduate with your bachelor's, you may be tempted to immediately join the workforce. However, if you successfully graduate in four years<span> or less, you likely have what it takes to achieve a master's degree within one or </span>two years.

Hope this helps!
3 0
3 years ago
One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. Today,
Dennis_Churaev [7]

Answer:

current price = $1191.79

Explanation:

given data

time t = 15 year

annual coupon bonds rate =  = 7.5 %

par value = $1000

interest rate = 5.5%

maturity time  = 14 year

to find out

current price of the bonds

solution

we get here first annual coupon rate = 7.5% of 1000

annual coupon rate  C = $75

so now we get current price of bond

current price of the bonds = \frac{C}{(1+r)} +\frac{C}{(1+r)^2} +\frac{C}{(1+r)^3} +\frac{C}{(1+r)^4} ..........\frac{C}{(1+r)^{13}} + \frac{C+par\ value}{(1+r)^{14}}      .................1

put here value

current price = \frac{75}{(1+r)} +\frac{75}{(1+r)^2} +\frac{75}{(1+r)^3} +\frac{75}{(1+r)^4} ..........\frac{75}{(1+r)^{13}} + \frac{75+1000}{(1+r)^{14}}  

current price = \frac{75}{(1+r)} \frac{1-(\frac{1}{1+r})^{14} }{r} (1+r) + \frac{1000}{(1+r)^{14}}

solve it we get

current price = $1191.79

4 0
3 years ago
_______________ is the amount of money left over after paying all of the business expenses. (Select the best answer.) RevenueGro
kari74 [83]

Answer:

Net profit

Explanation:

Net profit is the monetary reward business people get for engaging in business. Profits calculation is only possible after establishing all the revenues and expenses of a business.  

Revenues are all the business income from its activities, while expenses are the costs incurred in business operations. When revenues exceed expenses, a business will realize profits.

3 0
2 years ago
Assume your goal in life is to retire with $2,500,000. How much would you need to save at the end of each year if interest rates
LUCKY_DIMON [66]

Answer:

Annual deposit= $60,982.31

Explanation:

Giving the following information:

Future Value= $2,500,000

Number  of periods= 20 years

Interest rate= 0.07

<u>To calculate the annual deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (2,500,000*0.07) / [(1.07^20) - 1]

A= 60,982.31

4 0
3 years ago
Capital requirements for banks serve all of the following purposes EXCEPT:________.a.to offset the change in incentives caused b
SCORPION-xisa [38]

Answer:

b. to reduce deposits

Explanation:

A Capital requirement refers to the amount of capital that a financial institution must have to meet the requirements set by it's financial regulator. All of the answers provided are purposes that this hopes to accomplish except for reducing deposits. It actually hopes to increase deposits which means more customers that are coming in.

3 0
3 years ago
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