Sandy sold 2 acres of land to her daughter, Tara. Sandy's basis in the land was $800 and she sold the land for $500. After owning the land for a year, Tara sold it to an unrelated party for $1,000. Tara's recognized gain on the sale of the land is $

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