If both consumers and producers are experiencing a surplus the market is efficient
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Answer:
Explanation:
Particulars Steel Bars Titanium Bars
Units Per Batch 7000 3000
Hours Per Unit 1 1
Total Hours 7000 3000
Overhead rate on the basis of direct labor = Total Overhead / Total labor hours = 84,000/10,000 i.e 8.40
Overhead cost allocated to steel bars = 8.40*7000 = 58,800
I think it is (The Cash<span> Payments </span><span>Journal)
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