Which of the following is not a reason africa is having difficulties developing economically? a. many countries lack well-maintained roads b. manufacturing in asia is remaining too competitive c. much of the population in many areas lacks a formal education and proper job training d. while much of the population has electricity, it is often unreliable and prone to outages

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: