Which formula best represents the first step used to allocate an indirect cost to a cost object?
Multiple Choice
a. Total cost to be allocated divided by cost driver
b. Allocation rate divided by total cost to be allocated
c. Cost driver divided by total cost to be allocated
d. Cost driver divided by allocation rate
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which formula best represents the first step used to allocate an indirect cost to a cost object? Multiple Choice a. Total cost to be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
June 23. Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. Sept. 21. The note is dishonored by Radon Express Co. Oct. 21.
Answers (1)
You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 9 percent interest. Approximately how long must you wait for your investment to double in value?
Answers (1)
A Corporation had net fixed assets of $2,000,000 at the end of 2019 and $1,800,000 at the end of 2018. In addition, the firm had a depreciation expense of $200,000 during 2019 and $180,000 during 2018.
Answers (1)
How often do banks today hold loans that they make, for example, home mortgage loans under the traditional "originate to hold" model of banking? a. Never, because it is not legal to do sob. Always, because the law required itc.
Answers (1)
Which of the following refers to the buying, selling, and trading of goods and services across national boundaries? a. International business b. Global business (globalization) c. Importing d. North American Free Trade Agreement (NAFTA)
Answers (1)
New Questions in Business
A corporation has 44,904 shares of $26 par value stock outstanding that has a current market value of $238 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding. Select the correct answer.
Answers (1)
A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturer’s inventory.
Answers (1)
Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, andfixed costs total $60,000. How many MP3 players must Cunningham sell to earn netincome of $140,000?
Answers (1)
Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations: a. A firm with total revenues of $150 million, explicit costs of $90 million, and implicit costs of $40 million b.
Answers (1)
A price-discriminating firm charges the lowest price to the group that
Answers (1)