Answer and Explanation:
The classification is as follows:
a. In the case when the quantity demanded is more than the price so it is a price elastic demand
b. In the case when the change in price of 1% lower than the change in quantity demanded so it is price inelastic demand
c. And, in the case where there is a change of 1% in a price that generated the 1% change in quantity demanded is unit elastic demand
Answer:
Total manufacturing cost= $510
Explanation:
Giving the following information:
Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct materials $ 231 Direct labor $ 153.
Direct labor hours= 153/17= 9 hours
Total manufacturing cost= direct material + direct labor + manufacturing overhead= 231+153 + (14*9)= $510
Answer:
good luck to your modules