answersLogoWhite

0

What is blanket rate in finance?

Updated: 9/18/2023
User Avatar

Wiki User

13y ago

Best Answer

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.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is blanket rate in finance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Effect of interest rate on consumer finance?

Effect of interest rate on consumer finance?


What is a blanket overhead absorption rate How will you differentiate between blanket overhead rate and other overhead absorption rate?

In Blanket Overhead Absorption Rate applied is the same however it may differ if a company follow Departmental method Or frther break - up method


What is a blanket overhead absorption rate?

Blanket overhead absorption rate is the rate used to allocate total overhead costs to number of produce units in traditional accounting system


What the meaning of blanket overhead rate?

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.


Difference between blanket and overhead absortion rate?

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 what is rate of return?

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.


What is the current interest rate for auto finance?

Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.


In finance IRO stands for what?

interest rate option


Do finance companies sometimes rip you off?

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.


What are good ways to finance your boat purchace?

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.


How is interest on consumer credit transactions computed?

finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12


What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?

continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.