The cherokee company uses a predetermined overhead rate. the following accounts have these unadjusted balances: raw materials $20,000 work in process $40,000 finished goods $10,000 cost of goods sold $50,000 if overhead is underapplied by $12,000 and considered immaterial, the journal entry would be
a. manufacturing overhead$12,000 cost of goods sold$12,000
b. manufacturing overhead$12,000 raw materials$2,000 work in process$4,000 finished goods$1,000 cost of goods sold$5,000
c. raw materials$2,000 work in process$4,000 finished goods$1,000 cost of goods sold$5,000 manufacturing overhead$12,000
d. manufacturing overhead$12,000 work in process$4,800 finished goods$1,200 cost of goods sold$6,000
e. cost of goods sold$12,000 manufacturing overhead$12,000

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.