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Overhead Rate Definition.



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Overhead rate definition is the rate used to allocate overhead expenses to products or services. The overhead rate is calculated by dividing the total overhead expenses by the total activity for the period. The overhead rate is then applied to the activity of each product or service to allocate the overhead expenses. Is depreciation an … Read more

What is normative economics?



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Normative economics is a type of economic vision that tries to give recommendations, make policies or actions based on personal (or subjective) opinions of what should be done. El objetivo the economía normative is to identify desirable goals to apply positive economics knowledge to achieve them. Positive economics is one that explains economic phenomena objectively, … Read more