Use the Following to Answer Questions

question 37

Multiple Choice

Use the following to answer questions :
Table: Pizza Economy III

-(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, given that total population was 1,140 in 2010 and 1,300 in 2011, real GDP per capita in 2010 was:

• A)$80.
• B)$53.
• C)$60.
• D)$100.

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Definitions:

Activity Rates

These are the costs assigned to work based on the activities required to complete a job or task.

Batches

Groups of items or goods processed or produced together within a specified time frame in manufacturing or production.

Product Margins

The difference between the selling price of a product and the cost of goods sold, representing the profit made on each product.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, improving the accuracy of product and service costing.