Using the same "pit market" information from day 2& 3 practice problems assume there are 12 buyers with the following wtp: 400, 500, 600, 700, 800, 900, 1000, 1100, 1200, 1300, 1400, 1500. however assume instead of 12 sellers there is one seller (a monopolist) that can produce up to 12 units with the marginal costs of production for each unit (wta): 600, 650, 700, 750, 800, 850, 900, 950, 1000, 1050, 1100, 1150. assume the monopolist has no fixed costs. 1. for the monopolist firm what is the equilibrium price and quantity in this market?

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.