An increase in a consumer's income will increase the slope of the consumer's budget line.
<h3>
What is a budget line?</h3>
- The budget line sometimes referred to as the budget restriction, displays every combination of two commodities that a client is able to afford at the current market pricing and within their specific income range.
- The budget line is a graphical representation of every combination of the two commodities that may be purchased using the given income and cost, with the price of each combination being equal to the customer's monetary earnings.
- It's critical to remember that the slope of the budget line corresponds to the cost-to-volume ratio of two commodities.
- The slope of the budgetary restriction is very significant.
<h3>Increase in the slope of the budget line:</h3>
- A rise in income allows consumers to purchase more of both goods, which causes the budget line to shift outward, or to the right (slope increases).
Therefore, an increase in a consumer's income will increase the slope of the consumer's budget line.
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Answer: $11920 Overapplied
Explanation:
We have to calculate the Predetermined overhead rate which would be:
= Estimated total manufacturing overhead / Estimated amount of the allocation base
= $355,680 ÷ 14,400 direct labor-hours
= $24.70 per direct labor-hour
Since the actual hours is 10,800 hours, therefore, the applied overhead would be:
= 10,800 × 24.70
= $266,760
Since the actual overhead = $254,840, then the overapplied Overhead would be:
= $266,760 - $254,840
= $11920 Overapplied
Answer:
The answer is "Option B".
Explanation:
Investment in long-term bond financing, as well as other long-term bonds, focuses on long-term returns assets with their very own risks and also higher income. Therefore, these funds can be outstanding commercial vehicles but not generally the best investment. It refers particularly to investors who seek to raise revenue and minimize uncertainty, that's why choice B is correct.
Answer:
This question is incomplete. The multiple choice options are missing.
The options are the following:
A - process-focused process
B - modular process
C - repetitive process
D - mass customization process
E - product-focused process
And the correct answer is the option A: Process-focused process.
Explanation:
To begin with, the concept known as <em>''process-focused process''</em> in the field of management refers to the production process that focus mainly in the uniqueness of the product in order to facilitate low-volume high-variety productions. Moreover, the main reason of using this type of process is to focus on the production of an unique item that must goes from one department to another to make it perfectly designed as ordered, therefore that this process is also called as ''job shop''.
