The policy owner must pay the premium during the grace period or they forfeit the policy
Indicate whether this statement is true or false.
Answer: TRUE
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Although Bangladesh is categorized in the low-income countries, the country has opportunities, particularly in the garment industry
Indicate whether the statement is true or false
The ratio of fixed assets to long-term liabilities can indicate the ability of the business to borrow additional funds on a long-term basis
Indicate whether the statement is true or false
Which two categories below are used for business costs?
A. materials and labor B. gross and net C. fixed and variable D. cost of goods sold and administrative
Hails Corporation manufactures two products: Product Q21F and Product H44W. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Q21F and H44W.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$195,00013,000MHsMachine setupsNumber of setups$90,000150setupsProduct designNumber of products$64,0002products??Order sizeDirect labor-hours$280,00010,000DLHsActivity MeasureProduct Q21FProduct H44WMachine-hours9,0004,000Number of setups8070Number of products11Direct labor-hours6,0004,000Using the plantwide overhead rate,
the percentage of the total overhead cost that is allocated to Product Q21F is closest to: A. 60.00% B. 17.81% C. 21.30% D. 50.00%