Answer:
D. $193,750
Explanation:
Calculation for the wages and salaries in the flexible budget for July
FLEXIBLE BUDGET FOR JULY
Using this formula
Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up
Let plug in the formula
Flexible budget=$8,850+201*400+110*950
Flexible budget=$193,750
Therefore the wages and salaries in the flexible budget for July would be closest to $193,750
Answer:
The option (b) 2.4 is correct.
Explanation:
We can find price elasticity of demand by using the formula shown in the attachment attached with.
Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:
Price elasticity of Demand =
= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]
Price elasticity of Demand = 2.4
So this is how we can find the price elasticity of supply which says that the producers will respond to prices drop by producing lower quantity of product.
This app requested me to answer this question to get points but sorry idk the answer cs im in 6th