Aspen company estimates its manufacturing overhead to be $512,000 and its direct labor costs to be $512,000 for year 2. aspen worked on three jobs for the year. job 2-1, which was sold during year 2, had actual direct labor costs of $220,995. job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $433,805. job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $163,700. actual manufacturing overhead for year 2 was $804,700. manufacturing overhead is applied on the basis of direct labor costs. required: prepare an entry to allocate over- or underapplied overhead to work in process, finished goods and cost of goods sold. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?