A rent ceiling set below the equilibrium rent

ensures the availability of enough low-rent apartments in a city.

results in all renters and potential renters being better off.

creates a situation in which the quantity demanded of housing is greater than quantity supplied.

ensures that landlords earn a reasonable rate of profit on apartments.

eliminates discrimination by landlords.

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Refers to the way we conduct ourselves

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services