A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.\

1 answer:

7 0

<span>A market refers to people with unsatisfied wants and needs who are willing and able to buy a product or service. The market is made up of people who want and need to purchase a product or service, those in the 'market' for a item will search out the best quality, best price, and best way to achieve the product or service they need. The market is a big place that holds many different options for consumers to find exactly what they are looking for.</span>

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The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

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= $5 per direct labor hour

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