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Answer the following question(s) using the information below:
The Fancy Flier Airplane Corporation has a central materials laboratory.The laboratory has only two users, the Large Plane Department and the Small Plane Department.The following data apply to the coming budget year:
Budgeted amounts are used to calculate the allocation rates.Actual usage for the year by the Large Plane Department was 6,000 technician hours and by the Small Plane Department was 6,500 technician hours.
-If a single-rate cost allocation method is used, what is the allocation rate per hour used?
Nonnegotiable
Pertaining to an item or document that cannot be transferred or assigned to another party in exchange for money or goods.
Assignment
The transfer of rights, property, or obligations from one party to another, often used in contexts such as contracts, leases, and insurance policies.
Qualified Indorsement
An endowment that restricts the transfer of a negotiable instrument except under certain conditions.
Negotiability
Negotiability refers to the characteristic of a document or instrument that allows it to be transferred or assigned from one party to another, ensuring the transferee obtains certain legal rights.
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