Marsh has a prize horse named arabian knight. marsh is in need of working capital. she borrows $50,000.00 from mendez, who takes possession of arabian knight as security for the loan. no written agreement is signed. discuss whether, in the absence of a written agreement, mendez has a security interest in arabian knight. if mendez does have a security interest, is it a perfected security interest? explain in detail using examples

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: