Suppose you own a bookstore where you currently sell 22 Harry Potter adventure Harry Potter adventure novels per day at a price of $38 per book. However, if you were to reduce the price to $27, then you would sell 28 Harry Potter adventure Harry Potter adventure novels per day. Using the midpoint formula, what is the price elasticity of demand for Harry Potter adventureHarry Potter adventure novels? nothing. (Enter a numeric response using a real number rounded to two decimal places. Don't forget the minus sign.) In this price range, the demand for Harry Potter adventure Harry Potter adventure books

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.