A supply curve shows the relationship between the ______ and _____ when all other influences on selling plans remain the same.
1 answer:
Answer:
Price
Quantity supplied
Explanation:
The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.
The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
You might be interested in
Answer:
This question is incomplete, here's the complete question:
World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 25,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.625 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhead cost and $275,000 variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 35,000 units.
(1) Compute the overhead volume variance.
(2) Compute the overhead controllable variance.
Explanation:
kindly check the attached image below to see the answers to the question above.
