PLEASE ANSWER ALL 3 QUESTIONS THANKS.

1.Why is the price elasticity of demand for Coca-Cola greater than the price elasticity of demand for soft drinks generally?

Challenge Exercise 17-01 a-d2 (Part Level Submission) Waterway, Inc. produces two types of gas grills: a family model and a deluxe model. Waterway's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations: Direct labor costs Machine hours Setup hours Family Model $74,400 2,000 200 Deluxe Model $148,800 2,000 800 Total estimated overhead costs are $446,400. Overhead cost allocated to the machining activity cost pool is $267,840 and $178,560 is allocated to the machine setup activity cost pool. (a) Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 15.25.) Overhead rate 2.00 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used (b) Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal places, e.g. 15.25.) Overhead Rate Machining $ per hour Machine set up per hour Current Designs Problem 18 a-e (Part Level Submission) Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to analyze the cost considerations for one of the composite models of the kayak division. They have provided the following production and operational costs necessary to produce one composite kayak. Kevlar $290 per kayak Resin and supplies $110 per kayak Finishing kit (seat, rudder, ropes, etc.) $150 per kayak Labor $440 per kayak Selling and administrative expenses-variable $460 per kayak Selling and administrative expenses-fixed $166,250 per year Manufacturing overhead-fixed $280,000 per year Bill and Diane have asked you to provide cost-volume-profit analysis, to help them finalize the budget projections for the upcoming year. Bill has informed you that the selling price of the composite kayak will be $2,300. (a) Your answer is correct. Calculate variable costs per unit. Variable costs 1,450 per unit Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used (b) Determine the unit contribution margin. Contribution margin per unit