Gopal bought a schwinn road bike in good condition from a used bike shop for $160, thinking he got a steal. when he got home and searched for his bike on the internet, he found the same model for sale from walmart for $149 new. rather than getting upset at the price difference, gopal justifies the purchase to himself by deciding it was better to support a local bike shop than a chain. gopal’s rationalization is an example of someone trying to:

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $