Bob burgers allocates manufacturing overhead to jobs based on direct labor hours. the company has the following estimated costs for the upcoming year: direct materials used $50,800 direct labor costs $70,000 wages of factory janitors $39,500 sales supervisor salary $51,600 utilities for factory $16,100 rent on factory building $13,200 advertising expense $5130 the company estimates that 1420 direct labor hours will be worked in the upcoming year, while 1400 machine hours will be used during the year. the predetermined manufacturing overhead rate per direct labor hour will be (round your answer to the nearest cent.)

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.

Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36