Some banks offer variable rate loans with defined periods. For example, a variable rate loan might start at 3% and have the rate guaranteed not to increase for five years. This could be a rational loan option for a person if he or she
a. has a strictly fixed and limited income
b. is unsure of future employment status
c. plans to pay off the loan entirely within five years
d. plans to take longer than five years to repay the loan

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: