Alam Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate of 150% of direct labor cost. At the beginning of the year, the company estimated that it would incur $150,000 in manufacturing overhead cost. Additional Information: Raw materials used in production: $111,000. Actual manufacturing overhead incurred was $140,000. Direct labor cost incurred in 2017 was $100,000. How much overhead was applied to production during the year?

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped “f.o.b. social media networks distribution center in tampa, fl.” when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networks’ memory requirement. a few hours later, the servers are destroyed in a fire at social media networks’ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?