Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows:

Vaquero Vaquera
Cutting hours 4,000 5,400
Assembly hours 2,850 4,650
Inspection hours 945 2,430
Rework hours 150 450

The following activity data have been collected:

Cutting $225,600
Assembling 300,000
Inspecting 67,500
Reworking 45,000

Required: Calculate the activity rates that would be used to assign costs to each product. Cutting $ per cutting hour Assembling $ per assembling hour Inspecting $ per inspecting hour Reworking $ per reworking hour

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.