BBonita Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual
Overhead cost $1,333,200 $1,307,200
Machine hours 56,300 49,000
Direct labor hours 101,000 97,800
Overhead is applied on the basis of direct labor hours. Compute the predetermined overhead rate.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.