Relatively few new product ideas, perhaps only 1 in 250, become successfully marketed products

Rubio, Inc, a law consulting firm, has been using a single predetermined overhead allocation rate with direct labor hours as the allocation base to allocate overhead costs

The direct labor rate is $300 per hour. Clients are billed at 160% of direct labor cost. Chandler Massey, the president of Rubio, decided to develop an ABC system to more accurately allocate the indirect costs. He identified two activities related to the total indirect costs-travel and information technology (IT) support. The other relevant details are given below: Activity Allocation base Estimated costs Estimated quantity of allocation base Travel Miles driven $85,000 1,500 miles IT Support Direct labor hours 59,000 1,250 DLH Total $144,000 The predetermined overhead allocation rate for travel will be ________. (Round your answer to the nearest cent.) A) $47.20 per mile B) $56.67 per mile C) $68.00 per mile D) $96.00 per mile

The theoretical minimum number of stations is the number of workstations that would be needed if _________ .

Fill in the blank(s) with the correct word(s).