Determining the standard fixed factory overhead cost applied to production for a period involves all the following essential elements except: Multiple Choice The total budgeted fixed overhead cost for the period. An assumed output level, as reflected by the quantity of the cost driver for applying the fixed overhead (i. e., the denominator activity level for the period). The actual amount of fixed overhead cost incurred during the period. A cost driver (or drivers) for applying the fixed overhead. The standard fixed overhead application rate.

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

You can put most money would be invested in innovation by economic convergence