negative 45 to become what she wants to
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Answer: Oligopolistic
Explanation:
The oligopolistic industry is one of the type of market structure where the small industries or the companies are compete with each other and earning the various types of economical profits.
The main purpose of this type of industry is that it help[s in reducing the competition in the market and also control the market share function.
According to the given scenario, the magical production is one of the type of large production organization and this company perform various types of functioning in the Oligopolistic industry.
Therefore, Oligopolistic is the correct answer.
Answer:
Predetermined manufacturing overhead rate= $14.77 per direct labor hour
Explanation:
Giving the following information:
Estimated overhead cost for the period= $325,000
Estimated total direct labor hours for the period= 22,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 325,000 / 22,000
Predetermined manufacturing overhead rate= $14.77 per direct labor hour