Answer:
$1,524 underapplied
Explanation:
Predetermined overhead rate = Estimated Manufacturing Overhead ÷ Estimated Activity.
= $560,324 ÷ 22,060
= $25.40
Applied Overheads = Predetermined overhead rate × Actual Activity
= $25.40 × 22,000
= $558,800
<em>Where,</em>
Actual Overheads are $560,324 (given)
<em>Conditions :</em>
If Actual Overheads > Applied Overheads, we say overheads are under-applied and if Actual Overheads < Applied Overheads, we say that overheads are over-applied.
<em>Therefore ,</em>
In our case, Actual Overheads : $560,324 > Applied Overheads : $558,800. Overheads have been under-applied by $1,524 ($560,324 - $558,800).
The answer is Country B
Comparative advantages can be described as a country's ability to product a certain product in higher quantities and lower price (efficiently) compared to another country.
In this case, Country A can product 100 CDs and only 100 DVDs, by while country B has the capacity to produce 50 CDs but 200 DVDs.
Clearly Country B has a better infrastructure to produce DVDs in bulk
Answer:
A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Explanation:
When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services
True
The answer to this question is true
