The following information has been gathered for foxmoor industries for its fiscal year ending december 31: estimated factory overhead costs $ 2,496,000 actual factory overhead costs $ 1,812,400 estimated labor hours 78,000 actual labor hours 81,700 estimated labor costs $ 771,000 actual labor costs $ 855,125 estimated machine hours 111,000 actual machine hours 117,600 what is the predetermined factory overhead rate per labor hour?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

4.94.. let me know if i'm correct