Teel printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. the cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. the company expected its activity in july to be 204 press runs and 111 book set-ups, but the actual activity was 201 press runs and 110 book set-ups. the actual cost for wages and salaries in july was $193,780. the wages and salaries in the flexible budget for july would be closest to: multiple choicea. $193,019. b. $195,900. c. $193,780.d. $193,750.

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop