Huron company produces a commercial cleaning compound known as zoom. the direct materials and direct labor standards for one unit of zoom are given below: standard quantity or hours standard price or rate standard cost direct materials 5.5 pounds $ 2.50 per pound $ 13.75 direct labor 0.5 hours $ 6.50 per hour $ 3.25 during the most recent month, the following activity was recorded: a. ten thousand six hundred pounds of material were purchased at a cost of $2.40 per pound. b. the company produced only 1,060 units, using 9,540 pounds of material. (the rest of the material purchased remained in raw materials inventory.) c. six hundred and thirty hours of direct labor time were recorded at a total labor cost of $7,560.

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.