The total estimated variable manufacturing overhead/total estimated amount of the allocation base is the calculation to compute the <u>Variable</u><u> </u><u>Manufacturing</u><u> Overhead Rate</u>.
Variable Manufacturing is the expenses of running a firm that varies with the extent of enterprise or manufacturing interest. As production output will increase or decrease, variable overhead actions are in tandem.
Variable Manufacturing is the manufacturing prices that vary kind of on the subject of modifications in production output. The idea is used to model the destiny expenditure degrees of a commercial enterprise, in addition to determining the lowest possible rate at which a product should be bought.
To calculate Variable Manufacturing, multiply what it prices to make one unit of your product by means of the full number of merchandise you have created. This system looks as if this: overall Variable costs = fee in step with Unit x overall quantity of units.
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Specialization increases the productivity of a nation's resources and allows for larger total output.
<span>The following are the main economic questions that all countries face:
</span><span>1What goods and services will be produced?
</span><span>3How will goods and services be produced?
</span><span>5Who will consume the goods and services?
</span>
These questions directly impact the supply and demand of goods and services that will be available for consumption within a given country.
Answer:
a. human resource is the answer
Answer:
Price elasticity of demand = Percentage in quantity demanded / Percentage change in price
We already have the percentage change in quantity demanded as -4.3%.
We need to find the percentage change in price using the midpoint method.
= (New price - Old price) ÷ ((New Price + Old price) / 2)
Old price = 1.50 - 0.25 = $1.25
Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)
= 18.18%
Price elasticity of demand = -4.3% / 18.18%
= -0.24
According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>
The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.
The price elasticity of demand is inelastic when it is less than 1 which is the case here.
