Boswell Company Manufactures Two Products, Regular and Supreme Overhead Applied to Regular Using Activity-Based Costing Is
A)$1,290,000

question 30

Multiple Choice

Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $3,000,000; and assembling, $1,500,000. Information on the two products is: $\begin{array}{lrr}&\text { Regular}&\text { Supreme }\text { Direct labor hours } & 10,000 & 15,000 \\\text { Machine hours } & 10,000 & 30,000 \\\text { Number of parts } & 90,000 & 160,000\end{array}$ Overhead applied to Regular using activity-based costing is

• A)$1,290,000.
• B)$1,800,000.
• C)$2,700,000.
• D)$3,210,000.

Distinguish between explicit and implicit costs in cost analysis.

Evaluate investment decisions taking into consideration the time value of money.

Identify the legal definitions and distinctions among different types of criminal offenses.

Understand the concept of mens rea (criminal intent) and its significance in criminal law.

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Definitions:

Competitive Increasing-cost Industry

An industry where supply costs increase as output expands, often because resources become scarcer or harder to obtain as production grows.

Long-run Equilibrium

A state in which all firms in a perfectly competitive market earn zero economic profits, with no incentives for new firms to enter or existing firms to exit.

Decrease in Demand

A situation where consumers' willingness and ability to purchase a product at all price levels declines, represented by a leftward shift of the demand curve.

Constant-cost Industry

An industry in which the input prices and production costs remain stable even as the industry output changes.