The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.
<h3>What is the Traditional Costing System?</h3>
The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.
In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.
Learn more about the Traditional Costing System here:
brainly.com/question/24516871
Answer:
True
Explanation:
An increase in the cost of production would cause some producers to stop production, supply would fall and the supply curve would shift to the left.
I hope my answer helps you
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
B. 75%.
Explanation:
The formula to compute the long-term debt to equity ratio is shown below:
= (Long term debt) ÷ (total shareholder equity) × 100
= ($360 ÷ $480) × 100
= 75%
All other information which is given in the question is not consider for the computation part. Hence, ignored it
We simply divide the long term debt with the total shareholder equity to find out the ratio between them
Answer: A. Present; B. Taken; C. Future; D. Present
Explanation:
The present value of a future amount of money is the amount that, if invested today, will grow to be as large as that present amount when the interest that it will earn is taken into account.
The calculation that we use to convert a future amount of money to its present value is called discounting.
