Bankers who are processing loan applications from companies seeking large loans will probably ask for financial statements audited by an independent cpa because ) financial statements are too complex for the bankers to analyze themselves(b) they are too far away from the company headquarters to perform accounting(c) the consequences of making a bad loan are very undesirable (d) they generally see a potential conflict of interest between company managers who want to get loans and the banks needs for reliable financial statements

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: