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.
When analyzing a family's SES, the household income, earners' education, and occupation are examined, as well as combined income, versus with an individual, when their own attributes are assessed. Or more commonly known to depict an economic difference in society as a whole. Socioeconomic status is typically broken into three categories (high SES, middle SES, and low SES) to describe the three areas a family or an individual may fall into. When placing a family or individual into one of these categories, any or all of the three variables (income, education, and occupation) can be assessed.