1. Explain whether you think limited liability is a good thing. Give an example.

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3 The following budget data were collected for a manufacturing firm: Component of Overhead cost # drivers Machine $60,000 2000 machine related costs hours Production line $100,000 100 batches re-tooling Adjustments $20,000 5.000 during adjustments assembly Total overhead $60,000 The firm will manufacture a batch of 100 units. The direct cost per unit is estimated to be $30 per unit and the batch will require 20 machine hours and 500 adjustments. Required: Estimate the full cost of the batch