Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. during the month, the corporation incurred direct materials cost of $55,000 and direct labor cost of $28,000. the actual manufacturing overhead cost incurred was $53,000. the manufacturing overhead cost applied to work in process was $51,000. the cost of goods manufactured for june was

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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