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.
What is Drought? Drought is a deficiency in precipitation over an extended period, usually a season or more, resulting in a water shortage causing adverse impacts on vegetation, animals, and/or people.It is a normal, recurrent feature of climate that occurs in virtually all climate zones, from very wet to very dry.rought is different than aridity, which is a permanent feature of climate in regions where low precipitation is the norm, as in a desert. Human factors, such as water demand and water management, can exacerbate the impact that drought has on a region.