In a period, a company had opening inventory of 31 000 units and closing inventory of 34 000 units. Profits based on marginal costing were $ 850 500 and on absorption costing were 955 500.
If the budgeted total fixed costs for the company was $ 1 837 500, what was the budgeted level of activity in units?
A 32 500
B 65 000
C 52 500
D 105 000
A company had 30 direct production employees at the beginning of last year and 20 direct production employees at the end of the year. During the year, a total of 15 direct production employees had left the company to work for a local competitor. What is the labour turnover rate for last year?
When the price of a good is held above the equilibrium price, the result will be（）
A. Excess demand
B. A shortage of the good
C. A surplus of the good
D. An increase in demand