Morrow corporation had only one job in process during may—job x32z—and had no finished goods inventory on may 1. job x32z was started in april and finished during may. data concerning that job appear below: beginning balance $ 5,000 charged to the job during may direct materials $ 8,000 direct labor $ 2,000 manufacturing overhead applied $ 4,000 units completed 100 units in process at the end of may 0 units sold during may 40 in may, overhead was overapplied by $300. the company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied. required: using the indirect method, determine the cost of goods sold for may.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock