It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase
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Answer:
$8.20/Direct Labor hours
Explanation:
Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies
Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000
Cost of performing engine repair work = $205,000
Direct Labor Hours = Direct Labor/Direct Labor rate
Direct Labor Hours = 500,000/$20 per hour
Direct Labor Hours = 25,000 hours
Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours
Answer:
Time series
Explanation:
A time series is a sort of data sequence or the collection of the data in which the data is measured or observed over the equal intervals of time over a period of time.
Therefore,
The sequence achieved is discrete time data.
This can be applied to the following type of data;
- Real-valued
- Continuous data
- Discrete numeric data
- Discrete symbolic data
