Absolute poverty:

If the activities causing overhead costs are different across different departments and products, use of a single plantwide factory overhead rate will cause distorted product costs.

Multiple production department factory overhead rates are more accurate than are plantwide factory overhead rates.

Zorn Co. budgeted $600,000 of factory overhead cost for the coming year. Its plantwide allocation base, machine hours, is budgeted at 100,000 hours. Budgeted units to be produced are 200,000 units. Zorn’s plantwide factory overhead rate is $3 per hour.

Ava, describe a piece of art that you grew up with and how/why it provokes. Aim for at least 1 full page. You can reference any sources you’ve read or watched in class, but you do not need to quote as you will not be able to access the transcripts or Essay 1 packet.

If we have the following interarrival times of customers in a queue, how many customers will there have been in the queue? 4, 3, 1, 5

Which one of the following benefits received from an employer would NOT result in a taxable benefit or taxable allowance to the employee?

John secured employment as a commissioned salesman in July, 2024. In 2024, he received a base salary of $60,000 plus $5,000 of commissions. A further $6,000 of commissions earned in December 2024 was paid to him in January, 2025. John worked away from the office negotiating sales contracts, and he is required to pay for his own automobile and promotional expenses. His employer has signed a T2200 certifying that requirement, and certifying that no reimbursements are paid for any expenses John incurs to earn commissions. John incurred the following expenses from July 2024 to December 2024:           Meals and entertainment for potential customers  $14,000         Driving expenses (90% of driving was for employment purposes):                Fuel  4,000                Insurance   750                Repairs   2,250                Automobile leasing expenses ($500 a month)   3,000   What is the maximum deduction John may claim for employment expenses in 2024?

Which of the following statements with respect to terminal losses is NOT correct?

 Justin has the following income and losses  Employment income 30,000  Employment Insurance (EI) benefts received   6,000  Business loss (from restaurant)     (10,000) Property loss (rental)     (5,000) Property loss (interest expense of $1,000 accrued on funds borrowed to acquire shares). No dividends were paid on the shares during the year  (1,000) Taxable capital gains     20,000  Allowable capital losses     (25,000) Subdivision e deductions (deductible spousal support paid)     (10,000) Calculate Justin’s Net Income for the taxation year using the ITA 3 Net Income format (3(a), 3(b), 3(c), 3(d)). Show all calculations and subtotals for full marks.