Aspen Company estimates its manufacturing overhead to be $642,500 and its direct labor costs to be $514,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $190,124. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $360,580. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $104,896. Actual manufacturing overhead for year 2 was $805,500. Manufacturing overhead is applied on the basis of direct labor costs. Required:
Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Which of the following has the largest impact on opportunity cost

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak