For Each of the Following Activities,indicate an Appropriate Allocation Base

question 112

Essay

For each of the following activities,indicate an appropriate allocation base:
$$\begin{array} { | l | l | } \hline \text { Activity } & \text { Allocation Base } \\\hline \text { Materials purchases } & \\\hline \text { Machine set-ups } & \\\hline \text { Quality inspections } & \\\hline \text { Employee training } & \\\hline\end{array}$$

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Definitions:

Installment Notes

Financial instruments that require the issuer to make payments to the holder over a specified period, usually including both principal and interest.

Accrued Interest

The interest on a loan or bond that has accumulated since the principal investment, or last payment, and has yet to be paid.

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or institutional investors for the first time.