Answer:
The correct answer is Demand is inelastic, but not perfectly.
Explanation:
Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.
The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.
Answer:
$307,300
Explanation:
Total cost of Job 179:
= Direct material for Job 179 + Direct labor cost for Job 179 + Overhead cost for Job 179
= $30,500 + $45,000 + (2,000 × $25)
= $30,500 + $45,000 + $50,000
= $125,500
Total cost of Job 177 and Job 179:
= Total cost of Job 179 + cost of Job 177
= $125,500 + $94,000
= $219,500
Sales revenue for February:
= Total cost of Job 177 and Job 179 × Markup percentage
= $219,500 + ($219,500 × 40%)
= $219,500 + $87,800
= $307,300
Answer and Explanation:
Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.
Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.
Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.
<h3>What is the overhead assigned to the product?</h3>
This can be found as:
= Total overhead cost / Number of labor hours x Product labor hours
Solving gives:
= 4,104,000 / 90,000 x 5
= 45.6 x 5
= $228
Find out more on assigning overhead costs at brainly.com/question/22812280.
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