Overhead allocation based solely on a measure of volume such as direct labor-hours: Select one: A. is a key aspect of the activity-based costing model. B. must be used for external financial reporting. C. will systematically overcost high-volume products and undercost low-volume products. D. will systematically overcost low-volume products and undercost high-volume products. Clear my choice
Answers: 2
Business, 22.06.2019 00:30, johnkings140
Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale
Answers: 1
Business, 22.06.2019 08:30, bartonamber4042
What has caroline's payment history been like? support your answer with two examples
Answers: 3
Overhead allocation based solely on a measure of volume such as direct labor-hours: Select one: A. i...
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