A blanket absorption rate is a single rate of absorption used throughout an organization's production facility and based upon its total production costs and activity. The use of a single blanket rate makes the apportionment of overhead costs unnecessary since the total production costs are to be used.
Effect of interest rate on consumer finance?
In finance, the rate of return is a profit from an investment whereas the set rate determines the profit. For example, if an investor receives 10% for every $100 invested then the rate of return would be $10.00.
interest rate option
continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.
Yes, that is a very good rate.
Effect of interest rate on consumer finance?
In Blanket Overhead Absorption Rate applied is the same however it may differ if a company follow Departmental method Or frther break - up method
Blanket overhead absorption rate is the rate used to allocate total overhead costs to number of produce units in traditional accounting system
Blanket overhead rate is the computation of a single overhead rate for one whole factory. Overhead rate is the percentage you get when comparing total overhead expenses to total expenses.
The advantage of using blanket overhead absorption rate is that budgeting and costing become simpler. One disadvantage however is that it is harder to know which of the costs centers is consuming most of the money allocated.
In finance, the rate of return is a profit from an investment whereas the set rate determines the profit. For example, if an investor receives 10% for every $100 invested then the rate of return would be $10.00.
Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.
interest rate option
Yes this could sometimes be true, its good to check around for the best rate but also when you go to finance if you put down a larger payment up front this can usually get you a lower finance rate.
There are several good ways to finance a boat purchase. If the boat is new, someone would have a better chance of getting a lower finance rate. Also, getting a small loan and paying on the boat with the most money you can will keep your finance rate down.
finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12
continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.