If the price index was 90 in Year 1, 100 in Year 2, and 95 in Year 3, then the economy experienced a. 10 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3. b. 11.1 percent inflation between Years 1 and 2, and 5 percent inflation between Years 2 and 3. c. 10 percent inflation between Years 1 and 2, and 5 percent inflation between Years 2 and 3. d. 11.1 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40