Activity-based costing uses:
A. multiple cost pools to develop a single allocation rate B. multiple cost pools to develop multiple allocation rates C. a single cost pool to develop multiple allocation rates D. a single cost pool to develop a single allocation rate.
Hemingway's Hot Dogs sell for $2.00 each. The hot dogs cost Hemingway $0.95 and commissions are $0.15 per hot dog. How many dogs must Hemingway sell if his fixed costs for the stand and rent are $3,500?
A. $3,889 B. $2,500 C. $1,750 D. $3,182