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2 years ago

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.

Business

2 answers:

klasskru [66]2 years ago

7 0

Answer:

The correct answer would be Economic System.

Explanation:

The economic system is a way goods and services are produced, distributed and consumed in a society. There are companies and organizations in a country who produces different product or provides different services to the people of the country. Such products are distributed to the whole seller or retailers or distributors and finally reach the consumers who buy these products by paying for it. This whole mechanism makes the economic system.

Bumek [7]2 years ago

4 0

Answer:

economy

Explanation:

The way goods and services are produced, distributed, and consumed in a society can be referred to as Economy.

I hope this helps...

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The company's plantwide overhead rate is calculated to be $38.60 per machine hour.

The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;

plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours

plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000

plantwide overhead rate = 5,790,000 ÷ 150,000

plantwide overhead rate = 38.60

Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.

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