Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $50.00 of direct materials, includes 20 parts and requires 6 hours of machine time. Additional information follows:Activity Allocation Base Cost Allocation RateMaterials handling Number of parts $0.50 per partMachining Machine hours $14.00 per machine hourAssembling Number of parts $1.00 per partPackaging Number of finished units $2.00 per finished unitWhat is the cost of machining per phone?

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan