The managers of a local luxury hotel would like to set the hotel's average daily rate at the 75 th percentile, which is the rate below which 75% of hotels' rates are set. What rate should they choose for their hotel?

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?