Answer:
Price elasticity
Explanation:
Price elasticity -
It refers to the extent to which the demand or desire for something alters with the fluctuation in the price , is referred to as price elasticity .
As if the price of some commodity goes up , people tends to not buy the thing any more and tries to finds it cheaper alternative .
And , as the price reduces , people tries to buy the specific goods and service .
Hence , from the given scenario of the question ,
The correct answer is price elasticity .
For a 13-person team, The number of extra workers that should be hired to meet the labor hours needed without overtime is 7.
<h3>What is Labor hours?</h3>
This is a term that connote the total hours of workers that are said to be having or getting an hourly wage and they are the ones who are said to be directly employed on the site of a building, public works project, etc.
Note that "Labor hours" is one that entails hours of work that has been carried out by workers who have been employed by the general contractor or the subcontractors that are found to be working on the project.
Learn more about labor hours from
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It's 1 dollar because u have 1 dollar and the chips cost 1 dollar so basically u have no money left
Answer:
Department M
Manufacturing overhead rate = $600,000/200,000 hrs = $3/hr
Department A
Manufacturing overhead rate = $400,000/800,000 hrs = $0.5/hr
Manufacturing overhead cost allocated:
Department M = $3 x 8,000 = $24,000
Department A = $0.5 x 12,000 = $6,000
Total manufacturing cost allocated = $30,000
Explanation:
This relates to overhead absorption. The manufacturing overhead rate is calculated as budgeted manufacturing overhead divided by budgeted direct labour hour.
Manufacturing overhead allocated = manufacturing overhead rate x actual labour hour for each department for the job.
