It depends on the person I would definitely be happy but that’s just me
Answer:
$8,775
Explanation:
Forty Winks Corporation
March Night stand + April Night Stand × direct labour hours × direct labour rate.
$1,600+ $1,100 =$2,700
$2,700×0.25 direct labor hours =$675
$675×labor rate of $ 13.00=$8,775
The total combined direct labor cost that Forty Winks Corporation should budget in March and April is $8,775
Answer:
price floor , binding
price ceiling binding
price floor , non binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price
Because firms are unable to hire workers due to the minimum wage laws., it means it is binding price floor
Equilibrium price is $3 and the maximum price is $2.70 . Thus, it is a binding price ceiling
Equilibrium price is $3 and the minimum price is $2.70 . Thus, it is a binding floor
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