The predetermined overhead allocation rate is calculated by dividing ________
A) the total estimated overhead costs by total number of days in a year
B) the estimated amount of cost driver by actual total overhead costs
C) the actual overhead costs by actual amount of the cost driver or allocation base
D) the estimated overhead costs by total estimated quantity of the overhead allocation base
D
You might also like to view...
A guarantor can limit the amount owing as of a specific date by giving written notice to the bank
Indicate whether the statement is true or false
How many orders will be placed each year?
The injection molding department of Alver Inc. uses an average of 40 pounds of a special powder per day. The plant operates 250 days per year. The daily usage of the powder is normally distributed with a standard deviation of 5 pounds per day. The lead time to obtain the powder from a supplier is 9 days. The annual holding cost is $2 per unit and the cost of ordering the powder is $50.
Some states have passed laws prohibiting the withdrawal of general partners from a limited partnership.
Answer the following statement true (T) or false (F)
International agreements in the form of treaties:
A) require approval by a majority vote of the United States Senate. B) require approval by a two-thirds vote of the United States Senate. C) require no approval from Congress. D) are explicitly mentioned in the U.S. Constitution as a power given solely to Congress.