Imagine that you own a small hardware store and need to price several new items. What legal considerations would you need to take when pricing these items? Why? What about any ethical consideration in regard to pricing these items? Explain the role of business ethics and legal considerations in pricing, as well as the importance of a reputation for honesty in communication and for quality products. Finally, evaluate the impact of legal considerations in pricing.

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