Answer:
The correct answers would be Imperfect market, Monopoly, Many, Competitive Market, Buyer or Seller, Significant.
Explanation:
Rural Internet Access, with one dominant provider that faces very little competition is a good example of Imperfect Market. It functions as Monopoly. By contrast, a flea market or swap meet, where many buyers and seller get together to conduct transactions, is an example of Competitive Market. No single Buyer or seller exerts significant control over prices.
Answer:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Explanation:
Giving the following information:
MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours.
<u>We don't have the data necessary to calculate the estimated manufacturing overhead rate, but we can provide the formula and an example</u>:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
For example:
Estimated overhead= 150,000
Estimated direct labor hours= 12,000 hours
Estimated manufacturing overhead rate= 150,000/12,000= $12.5 per direct labor hour.
Answer:
Planning budget=$6,956
Explanation:
<em>The planning budget is that which is based on the expected level of activity. It is the original budget used for planning purpose</em> .
The planning budget for Picozzi would based on the planned activity level of 16 snow-day
The operation cost formula = 2,060 + $306 per snow-day
Planning budget = 2,060 + (306×16)=$6,956
Planning budget=$6,956
See full question attached
Answer and Explanation:
Find full answer and explanation attached
