Which Is $\frac { 21 } { 72 }$ In Lowest Terms?
A)

question 30

Multiple Choice

Which is $\frac { 21 } { 72 }$ in lowest terms?

• A) \(\frac { 7 } { 18 }\)
• B) \(\frac { 14 } { 48 }\)
• C) \(\frac { 21 } { 72 }\)
• D) \(\frac { 7 } { 24 }\)

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Definitions:

Allocation Base

A factor used to distribute costs among different departments, products, or activities in a systematic and rational manner.

Budgeted Plantwide Overhead

An estimate of the total overhead costs to be allocated across the whole plant or company, used for budgeting and costing purposes.

First Stage Cost Objects

In activity-based costing, initial categories where costs are collected before being assigned to final cost objects based on their use of activities.