Part Two: Hard times caused total community income to fall by eight percent and this caused enrollment at TTA to rise from 8,000 to 8,400. What is the income elasticity and what does the sign mean.

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000