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Which of the following is likely to have the most price elastic demand?
Departmental Overhead Rates
Specific overhead rates allocated to individual departments within a company, reflecting the distinct costs associated with operating each department.
Machine-Hours
A measure of the total time that machines are operating in the production process, often used as a basis for allocating manufacturing overhead costs.
Markup
The additional sum included in the goods' cost price to account for overhead expenses and profit.
Manufacturing Cost
The total cost involved in making a product, including direct materials, direct labor, and manufacturing overhead.
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