Smoky mountain corporation makes two types of hiking boots—xtreme and the pathfinder. data concerning these two product lines appear below: xtreme pathfinder selling price per unit $ 140.00 $ 99.00 direct materials per unit $ 72.00 $ 53.00 direct labor per unit $ 24.00 $ 12.00 direct labor-hours per unit 2.0 dlhs 1.0 dlhs estimated annual production and sales 20,000 units 80,000 units the company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.