Groot Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Groot has four public relations specialists plus an office staff. At the beginning of the year, Groot estimated the total cost of salaries and benefits for the public relations specialists at $ 672 comma 000 and a total of 7 comma 000 billable hours for the year. All remaining office and administrative costs were estimated at $ 406 comma 000. The allocation base for office and administrative costs is billable hours. In June, Groot signed a contract for a Russian ballet performance. It estimated the new contract would require 35 hours of specialist time. What is the total cost estimate for this contract?

$5,390

Explanation:

For computing the total cost estimated first we need to find out the total cost per billable hour which is shown below:

Total cost per billable hour is

= (Salary & Benefits + Office & Admin costs) ÷ (Billable hours)

= ($672,000 + $406,000) ÷ (7,000 billabe hours)

= $154

Now the total estimated cost is

= Requied hours × total cost per billabe hours

= 35 hours × $154

= $5,390

We simply applied the above formulas

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself