If total overhead cost is $10,000 and the dollar amount of production material used for all products is $50,000, calculate the overhead cost per material dollar as $10,000/$50,000 = $0.20 per material dollar. 2. Determine the amount of cost driver used in each unit of a product.
Hydrological drought: This is when there is a deficiency of surface water and ground water supply in a region, often as a result of less precipitation, excessive reliance on surface water for farming, energy and other needs. Hydrological drought does not usually occur at the same time as meteorological drought. In a way, this decline in the quantity and quality of surface and sub-surface water is the effect of meteorological drought. Socioeconomic drought: This condition is when some supply of some goods and services such as energy, food and drinking water are reduced or threatened by changes in meteorological and hydrological conditions.
Socioeconomics (also known as socio-economics or social economics) is the social science that studies how economic activity affects and is shaped by social processes.In general it analyzes how societies progress, stagnate, or regress because of their local or regional economy, or the global economy.ocioeconomics (also known as socio-economics or social economics) is the social science that studies how economic activity affects and is shaped by social processes.