Which of the following would be least likely to be used as an allocation base in a company that applies a single plantwide rate?
Machine hours.
Direct material costs.
Direct labor cost.
Direct labor hours.
2. A company's income is $73,000. Sales are 1,200,000 and ROI 17%, Find turnover and average total assets.
3. A company's ROI is 12.6%. Average assets $1,690,100 and turnover 1.4. Find net income.