Mco leather goods manufactures leather purses. each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.8 direct labor hours at a rate of $16 per hour. variable manufacturing overhead is charged at a rate of $2 per direct labor hour. fixed manufacturing overhead is $10,000 per month. the company's policy is to end each month with direct materials inventory equal to 40% of the next month's materials requirement. at the end of august the company had 3,680 pounds of direct materials in inventory. the company's production budget reports the following. prepare budgets for september and october for (1) direct materials, (2) direct labor, and (3) factory overhead.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

fractionally backed paper money

fiat money

paper money

metallic money

answer; whoever is willing and able to pay the price;