Xie company identified the following activities, costs, and activity drivers for this year. the company manufactures two types of go-karts deluxe and basic.

activity expected costs expected activity
handling materials $675,000 100,000 parts
inspecting product 950,800 1,500 batches
processing purchase orders 155,000 700 orders
paying suppliers 225,000 500 invoices
ensuring the factory 350,000 40,000 square feet
designing packaging 125,000 2 models

determine:
a. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours
b. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

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answercontrol is returned to method c;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

answer blank(1).(2); sharpe;