Macroeconomics primarily examines: a. the behaviour of individual households and firms. b. broad issues such as national output, employment and inflation. c. the output levels that maximize the profits of business firms d. how prices are determined within individual markets.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection