Nick Foles Corporation makes benches with built-in feet warmers that are used by football teams in cold-weather cities. The company recently completed a job to manufacture 3 benches ordered by the Philadelphia Eagles. The following data have been recorded on the job cost sheet for the 3 benches: Direct materials $2,448 Direct labor-hours 73 labor-hours Direct labor wage rate $ 15 per labor-hour Machine-hours 130 machine-hours Nick Foles applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. Required: 1. Compute the total cost that would be recorded on the job cost sheet for the 3 benches:

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.