Ed, a businessperson, is a friend of fran, the owner of a good bean coffee & bagels store. every day, ed spends five minutes in fran’s store, looking at the goods and usually buying one or two cinnamon buns or bagels. one afternoon, ed goes into the store, looks at the items, and picks up a $1 chocolate brownie. ed waves the brownie at fran without saying a word and walks out. is there a contract? if so, how would it be classified in terms of formation, performance, and enforceability?

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40