The theory behind the mutual fund cash ratio isa) mutual fund managers hold high levels of cash when they are optimistic about market conditions. b) when mutual fund managers hold high levels of cash, they must eventually buy stocks with it. c) when mutual fund managers hold low levels of cash they are pessimistic about market conditions. d) when market conditions are favorable, shareholders remit more cash than the managers can invest.

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800