Laramie produces two products: basic and deluxe. the plant’s overhead for january was $45,000 and the plant used 600 direct labor (dl) hours. the factory has two departments: preparation and processing. the preparation department incurred $25,000 of overhead and used 400 dl hours. in the processing department, $20,000 of manufacturing overhead was incurred and 160 dl hours were used. during january, 300 dl hours were used by the basic model and 300 dl hours were used by the deluxe model to make 100 units of each. what is laramie departmental overhead rates based on dl hours (dlh)?

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer target market;

answercold,maybe nuclear war;