Vektek, Inc. uses job order costing and thinks machine hours is the best activity base to assign manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The budgeted machine hours for all jobs for the year totaled 20,000. The company used 1,000 hours of processing on Job No. B12 during the period. How much overhead should be applied to Job No. B12

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.