Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. banc corp. trust is considering elther a bankwide

Banc Corp. Trust is considering elther a bankwide overhead rate or. department overhead rates to...

80.2K

Verified Solution

Question

Accounting

image

Banc Corp. Trust is considering elther a bankwide overhead rate or. department overhead rates to allocate $357,000 of Indirect costs. The bankwide rate could be based on ether direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commerclal Loans. The followng information was gathered for the upcoming perlod: If Banc Corp. Trust uses a bankwide rate based on direct labor hours, what would be the Indirect costs allocated to the Commercial Department? Muttiple cholse $130,000. $113,050. $124,950. $119,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain the purpose of the components of an acrylamide gel.

Chemistry
Q

A ship leaves port and travels 85 miles into the sea at an angle of...

Geometry
Q

A man walks 10 miles in x hours. How far does he walk in one...

Basic Math
Q

I am completely stuck on the last two parts of this problem if...

Accounting
Q

Choose from the list of terms and phrases to best complete the following statements

Accounting
Q

The fobowing data were accumulated for use in reconcling the bank account of Creative Design...

Accounting
Q

What is deregulation? Identify 2 to 3 advantages of deregulation. Identify 2 to 3 disadvantages...

Accounting
Q

2. Kiawah issued bonds on 1/1/2011. Its face value is $ 500,000. Its coupon rate...

Accounting
Q

Please I need full marks on this assignment so make sure your numbers are correct...

Accounting
Q

16. On January 1, 2017, we purchase a motorcycle for $14,000 cash. The motorcycle has...

Accounting
Q

$

Accounting
Q

DuraBond borrowed $1,300,000 from Ellis Bank and Trust in 20X1 to finance the purchase of...

Finance