3.Propose an expansion strategy. Which information, that based on the current costing system or that based on the ABC system, is more useful? Why? What other information do you want to know before making a definitive recommendation on an expansion strategy? 4.What are the challenges faced when allocating overhead costs to products? Can these challenges identified be overcome by using ABC? Explain using your own words. Your answer should INCLUDE an explanation of the implications of the hierarchy of overhead costs and activities.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Why do police officers get paid less than professional baseball players?

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.