Problem 2–16 plantwide predetermined overhead rates; pricing lo2–1, lo2–2, lo2–3 landen corporation uses a job-order costing system. at the beginning of the year, the company made the following estimates: during the year, job 550 was started and completed. the following information is available with respect to this job: required: 1. assume that landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. under this approach: a. compute the plantwide predetermined overhead rate. b. compute the total manufacturing cost of job 550. c. if landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for job 550? 2. assume that landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. under this approach: a. compute the plantwide predetermined overhead rate. b. compute the total manufacturing cost of job 550. c. if landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for job 550? 3. assume that landen’s controller is right about machine-hours being a more accurate overhead cost allocation base than direct labor-hours. if the company continues to use direct labor-hours as its only overhead cost allocation base what implications does this have for pricing jobs such as job 550?

Part two of threewhich accurately describes a cause for inflation? the federal reserve requires banks to keep more money on reserve. the federal reserve raises interest rates and slows economic activity. the government places too much money into circulation. the government places too little money into circulation. what are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop. how does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange. what are functions of the federal reserve? (select all that apply.) it offers financial services within the government. it creates us coins. it prints us dollars. it enters us currency into circulation. how does the federal reserve bank fit into the balance of power among the three branches of the federal government established by the constitution? the chair of the federal reserve is appointed by the president and approved by the senate. the chair of the federal reserve is elected by popular vote. the chair of the federal reserve is appointed by congress and approved by the supreme court. the chair of the federal reserve is appointed in a secret meeting. who appoints the board of governors of the federal reserve system? the us president the us supreme court the us house of representatives the us senatewhy is federal oversight crucial to the operation of the federal reserve bank? the federal reserve is the nation’s central banking system. the federal reserve controls the nomination of legislators to committees. the federal reserve funds mandatory government expenditures. the federal reserve sets rules and regulations for the new york stock exchange. what is the government accountability office (gao)? an independent agency that answers to congress and audits the federal reserve an internal review agency of the federal reserve used to promote its mission a government agency that answers to congress and audits the united states mint a private agency that advises the dent about fiscal policyhow does the law of comparable advantage lead to international trade? countries that do not engage in trade are in a stronger position economically than countries that do trade. countries that cannot produce products efficiently have to trade for the goods and services that other countries have. countries that have more resources are able to trade for a wider variety of items that can be offered for sale. countries make products they can produce efficiently and are able to get the rest of what they need through trade. when might a country produce a product even though it cannot do so efficiently? (select all that apply.) to ensure national security to minimize the sale of exports to ensure a trade deficit to increase the balance of trade

This pie chart shows a sample weekly budget. in this budget, how much money is going toward optional expenses? $70 $75 $10 $35

In order to stay on track for long term financial goals, money for emergency spending should be taken first from your savings account. discretionary money. fixed expense money. net income.