EZ-Seat, Inc., manufactures two types of reclining chairs, Standard and Ergo. Ergo gives support for the body through a complex set of sensors and requires great care in manufacturing to avoid damage to the material and frame. Standard is a conventional recliner, uses standard materials, and is simpler to manufacture. EZ-Seat’s results for the last fiscal year are shown in the statement on the following page.

$$\begin{array}{c} \textbf{EZ-SEAT, INC. }\\ \textbf{Income Statement}\\ \end{array}$$

	Ergo	Standard	Total
Sales revenue	$2,925,000	$2,760,000	$5,685,000
Direct materials	550,000	500,000	1,050,000
Direct labor	400,000	200,000	600,000
Overhead costs
Administration			468,000
Production setup			1,080,000
Quality control			720,000
Distribution			1,440,000
Operating profit			$ 327,000

EZ-Seat currently uses labor costs to allocate all overhead, but management is considering implementing an activity-based costing system. After interviewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining costs:

		Activity Level
Activity Base	Cost Driver	Ergo	Standard
Setting up	Number of production runs	50	100
Performing quality control	Number of inspections	200	200
Distribution	Number of units shipped	1,500	6,000

Required
Restate the income statement for EZ-Seat using direct labor costs as the only overhead allocation base.

Writing Direct Quotations. Complete these sentences. Carol said ________.

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$$-27^{5 / 3}$$

Solve for $x$ by writing the equation in exponential form.

$$\log (1.34-x)=-1$$

Explain what social and economic changes resulted from use of the assembly line and mass production.

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A. social contract
B. democratic
C. serf
D. hostage

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What privileges did elite groups of the era typically have that lower social groups did not?

What are social surroundings (as a situational variable)? Provide an example of how they can affect the consumption process.

How did American economic principles and ideas of Social Darwinists encourage the growth of big business?