Answer:
III. The supply of soft drinks decreases
Explanation:
Changes different from price and quantity supplied or quantity demanded will cause changes in the total supply or demand. In this case, an increase in the cost of the aluminum used by soft-drink companies will increase their cost of production. Because this affects companies which supply canned soft drinks, this increase in the cost of production will affect the total supply. If the cost of production increase, with the same resources, they will produce less but need to compensate this decrease in units by increasing the price. In the demand and supply graph, the supply will shift to the left and this will decrease the equilibrium quantity and increase the equilibrium price.
The first one because it is most
Answer: $11920 Overapplied
Explanation:
We have to calculate the Predetermined overhead rate which would be:
= Estimated total manufacturing overhead / Estimated amount of the allocation base
= $355,680 ÷ 14,400 direct labor-hours
= $24.70 per direct labor-hour
Since the actual hours is 10,800 hours, therefore, the applied overhead would be:
= 10,800 × 24.70
= $266,760
Since the actual overhead = $254,840, then the overapplied Overhead would be:
= $266,760 - $254,840
= $11920 Overapplied
With the increase in the price of caramel toppings, the demand for caramel toppings will decrease.
With the increase in the price of butter scotch toppings, the demand for butter scotch toppings will decrease.
<u>Explanation:</u>
There is an inverse relationship between the demand of a good with the price of that good. With the increase in the price of a good, there is a fall in the demand of that good.
Similarly with the decrease in the price of that good, there is decrease in the demand of that good. This is known as the law of demand and because of this reason, the demand curve is downward sloping.
