Antitrust initiatives come with both benefits and costs. of the following, which best summarizes the tradeoffs for society when firms want to merge, or when the government wants to challenge the merger? a. the mainhradecofis between o the bencfits of increased market power versus the costs of higher efficiency. b. the benefits of higher efficiency versus the costs of increased market power. c. the benefits of product differentiation versus the costs of greater economies of scale. d. the benefits of increased profits versus the costs of higher wages.

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6