Answer the Following Questions Using the Information Below:
Gold Coast

question 142

Multiple Choice

Answer the following questions using the information below:
Gold Coast Printing has contracts to provide fortnightly advertising supplements to 94 customers.For the year 2018,manufacturing overhead cost estimates total $600 000 for an annual production capacity of 24 million pages.
For 2018,Gold Coast Printing decided to evaluate the use of additional cost pools.After analysing manufacturing overhead costs,it was determined that number of design changes,set-ups and inspections are the primary manufacturing overhead cost drivers.The following information was gathered during the analysis:
$\begin{array} { l r c } \text { Cost Pool } & \text { Manufacturing Overhead Costs } & \text { Activity Level } \\ \text { Design changes } & \$ 80000 & 200 \text { design changes } \\ \text { Set-ups } & 400000 & 4000 \text { set-1ps } \\ \text { Inspections } & 120000 & 16000 \text { inspections } \\ \text { Total manufacturing overhead costs } & \$ 600000 & \end{array}$

During 2018, two customers, Wealth Managers and Health Systems, are expected to use the following printing services:

$\begin{array} { l c c } \text { Activity } & \text { Wealth Managers } & \text { Health Systems } \\ \text { Pages } & 60000 & 76000 \\ \text { Design changes } & 10 & 2 \\ \text { Set-ups } & 20 & 10 \\ \text { Inspections } & 30 & 38 \end{array}$
-Using the activity-cost driver rates determined in the previous question,what is the manufacturing overhead cost estimate for Health Systems during 2018?

• A)$3412.50
• B)$2085.00
• C)$3113.75
• D)$2068.00

Differentiate between association and causation in economic phenomena.

Distinguish between positive and normative economics.

Comprehend the implication of unintended consequences in economic policies.

Evaluate economic definitions and statements for their validity and applicability.

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Definitions:

Telomeres

The area at the tips of each chromosome that is reduced to a tiny amount as time passes. By the end of life, the telomeres are very short.

Chromosomes

Long, stringy formations found within the cell nucleus of both animals and plants, composed of proteins and a solitary DNA molecule, responsible for bearing genetic data.

Longevity

The length of an individual's life, often explored in the context of factors that contribute to a prolonged life span.

Selective Optimization

A strategy focusing on maximizing performance in some areas through the selection and optimization of resources, while minimizing losses in other areas.