Use the Following Information to Answer Questions
Poodle Company

question 22

Multiple Choice

Use the following information to answer questions
Poodle Company manufactures two products, Mini A and Maxi B.Poodle's overhead costs consist of setting up machines, $800,000; machining, $2,000,000; and inspecting, $600,000.Information on the two products is:
$\begin{array}{lll}& \underline{\text { Mini A }}& \underline{\text { Maxi B}} \\\text { Direct labour hours } & 15,000 & 25,000 \\\text { Machine setups } & 600 & 400 \\\text { Machine hours } & 24,000 & 26,000 \\\text { Inspections } & 800 & 700\end{array}$

-Overhead applied to Mini A using traditional costing and direct labour hours is

• A)$1,275,000.
• B)$1,536,000.
• C)$1,670,000.
• D)$1,700,000.

Assess the impact of external benefits on the efficient provision of public goods and services such as education.

Understand the concept of marginal social benefit and marginal social cost related to pollution.

Comprehend the impact of government policies, such as taxation and permit trading, on firms' pollution emissions.

Analyze the effects of externalities and government intervention on social welfare.

---

Definitions:

Self-Control

The proficiency in governing one's emotional responses, intellectual activities, and conduct in situations of temptation and impulse.

Low Personal Control

A perception or belief that one has little influence or control over the events in their life, often associated with feelings of helplessness.

External Locus of Control

The belief that one's life outcomes are determined by external forces or events beyond their personal control.

Condom

A barrier device commonly used during sexual intercourse to reduce the risk of pregnancy and sexually transmitted infections (STIs).