Gomez runs a small pottery firm. He hires one helper at $16,500 per year, pa $22,500 per year on materials. He has $40,000 of his own funds invested in that earn him $5,000 per year if alternatively invested. He has been offered $19,5 estimates he could use his talents to earn an additional $5,500 per year in co annual revenue from pottery sales is $89,000.
Calculate the accounting profit and the economic profit for Gomez.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40