Brandeis corporation has two production departments: p1 and p2 and two service departments: s1 and s2. direct costs for each department and the proportion of service costs used by the various departments for the month of july are as follows: proportion of services used by: department direct costs s1 s2 p1 p2 s1 $67,000 0.70 0.10 0.20 s2 $107,000 0.20 0.30 0.50 p1 $167,000 p2 $147,000 under the step-method of cost allocation, the amount of costs allocated from s2 to p2 would be: $55,700. $96,188. $66,875. $53,500.

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