Cooper’s brakes, inc., enters into a contract with byron’s service to fix cooper’s hydraulic equipment. byron delays the repair for three days, but is not aware that cooper loses a certain percentage of profit each day the equipment is out of service. cooper is most likely to be awarded

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.