A tax ____________ is an amount subtracted directly from the amount of taxes owed.

Modiste, Inc manufactures two kinds of bags—totes and satchels

The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $24,000. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $33 $43 Direct labor cost per unit $50 $61 Number of units 530 380 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A) 90.57% B) 48.31% C) 96.58% D) 1.36%

When we say that a firm is using a differentiation advantage to developing competitive advantage, we mean that the approach is:

A) cost-based. B) perception-based. C) brand-based. D) quality-based.