Question 7 1 pts Short Term Rental Pty Ltd (STR) manages short-term rental accommodation properties...
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Accounting
Question 7 1 pts Short Term Rental Pty Ltd (STR) manages short-term rental accommodation properties on behalf of owners via platforms such as AirBnB. STR allocates the indirect cost it incurs (e.g., costs of communicating with guests, property cleaning costs) to the rental properties it manages using a single allocation base i.e., number of bookings. The allocation of these indirect costs occurs once a period. Specifically, the allocation is done at the end of each period. Information about STR's indirect cost allocation for the year 2020 (i.e., the previous period) is provided below. Actual total indirect cost = $150,000 Budgeted total indirect cost = $120,000 Actual number of bookings = 670 Budgeted number of bookings = 800 The total amount of indirect cost allocated to the rental properties it manages in 2020 (before any adjustments, if necessary) is closest to: O $150,000 $120,000 O $100,500 O $143,000 O $180,000

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