Refer to the Accompanying Figure to Answer the Following Questions

question 140

Multiple Choice

Refer to the accompanying figure to answer the following questions.

-Consumer surplus associated with a profit-maximizing monopoly is equal to

• A) $900.
• B) $600.
• C) $300.
• D) $100.
• E) $450.

---

Definitions:

Job Order Costing

A cost accounting system in which costs are assigned to specific jobs or batches, typical in companies that produce unique products or jobs.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products based on a relevant driver.

Machine Hours

A unit of measure representing the operation time of machines in manufacturing or production processes.

Indirect Materials

Materials used in the production process that are not directly traceable to the finished product, such as lubricants and cleaning supplies.