Answer the Following Question(s)using the Information Below

question 88

Multiple Choice

Answer the following question(s) using the information below.A manufacturing firm is able to produce 1,000 pairs of shoes per hour, at maximum efficiency.There are three eight-hour shifts each day.Due to unavoidable operating interruptions, production averages 800 units per hour.In the month of June the plant actually operated only 25 days due to avoidable shut downs.
-The Canada Revenue Agency effectively eliminates the use of certain denominator-level concepts through its income tax rulings.The accepted concept(s) for tax purpose is (are)

• A)theoretical capacity and practical capacity.
• B)master-budget capacity and theoretical capacity.
• C)practical capacity.
• D)master-budget capacity.
• E)normal capacity or master-budget capacity.

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Definitions:

Food Purchases

Transactions involved in acquiring food products for consumption, influenced by prices, income, preferences, and availability.

Farm Products

Agricultural commodities that include a variety of food items, raw materials, and livestock produced by farming activities.

Food Products

Processed farm commodities sold through grocery stores and restaurants. Examples include bread, meat, fish, chicken, pork, lettuce, peanut butter, and breakfast cereal.

Markets

Places or systems where goods and services are exchanged.