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Banc CorpTrust Is Considering Either a Bankwide Overhead Rate or Department

question 77

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Banc Corp.Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect costs.The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed.The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans.The following information was gathered for the upcoming period:
$\begin{array} { | l | l | l | r | } \hline \text { Department } & \text { DLH } & \text { Loans Processed } & \text { Direct Costs } \\\hline \text { Consumer } & 14,000 & 700 & \$ 280,000 \\\hline \text { Commercial } & 8,000 & 300 & \$ 180,000 \\\hline\end{array}$
Banc Corp.Trust estimates that it costs $400 to analyze and close a commercial loan.What is the overhead rate if Banc Corp.Trust allocates the remaining indirect costs using direct labor hours?

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Definitions:

Projective Tests

Psychological tests used to infer a person’s motives, conflicts, and unconscious dynamics on the basis of the person’s interpretations of ambiguous stimuli.

Objective Tests

Examinations that require the test taker to select or provide a response from a set of predetermined options.

Personality Inventories

Standardized questionnaires used to assess personality traits and characteristics of individuals.

Ambiguous Pictures

Visual stimuli that can be interpreted in more than one way, often used in psychological tests to assess perception and personality.