Petraeus Fabrication Company Has Provided the Following Information for the Year

question 59

Multiple Choice

Petraeus Fabrication Company has provided the following information for the year 2012: Based on the above information, what was Petraeus's allocation rate? (Hint: for this type of problem, the "trial and error" method may be used.)

• A)$95 per direct labor hour
• B)180% of direct labor cost
• C)$8.50 per machine hour
• D)12% of direct materials cost

Analyze the changes in GDP deflator to measure inflation.

Calculate National Income (NI) using different components of income.

Understand the concept of per capita GDP and its calculation.

Analyze the impact of real GDP changes on the economy.

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