Cross dishware manufactures a custom line of pottery. the company uses a job-order costing system. during june, the following costs were incurred on job cd4340: direct materials $3,500 and direct labor $6,400. in addition, there was $2,500 of selling and shipping costs incurred on the job. the manager applied manufacturing overhead at the rate of $32 per direct labor-hour and job cd4340 required 100 direct labor-hours. if job cd4340 consisted of 1,000 pieces of pottery, the cost of goods sold per piece 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.