Under eagle co.'s job order costing system, manufacturing overhead is applied to work-in-process using a predetermined annual overhead rate. during february, eagle's transactions included the following:

direct materials issued to production

$

96,000

indirect materials issued to production

14,000

manufacturing overhead incurred

131,000

manufacturing overhead applied

119,000

direct labor costs

113,000

eagle had neither beginning nor ending inventory in work-in-process inventory. what was the cost of jobs completed in february? (cpa adapted)

a. 340,000

b. 328,000

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.