Required information knowledge check 01 dream house builders, inc. applies overhead by linking it to direct labor. at the start of the current period, management predicts total direct labor costs of $100,000 and total overhead costs of $20,000. on january 31, the direct labor for this job equals $2,700. complete the following journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. view transaction list journal entry worksheet 1 dream house bullders, inc. apples overhead by linking it to direct labor. at the start of the current perlod, management predicts total direct labor costs of $100,000 and total overhead costs of $20,000. on january 31, the direct labor for this job equals $2,700. nate: enter debits before credits date general journal debit credit accounts payable jan 31 record antry claar antry viaw gonaral journal

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces