Minstrel manufacturing uses a job order costing system. during one month, minstrel purchased $189,000 of raw materials on credit; issued materials to production of $214,000 of which $11,000 were indirect. minstrel incurred a factory payroll of $158,000, of which $21,000 was indirect labor. minstrel uses a predetermined overhead application rate of 150% of direct labor cost. if minstrel incurred total overhead costs of $194,800 during the month, compute the amount of under- or overapplied overhead:

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

An economic theory that calls for workers to take control of factories is .

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?