Finished goods inventory is $199,000. if overhead applied to these goods is $79,000, and the overhead rate is 110% of direct labor, how much direct materials cost was incurred in producing the inventory? (round your intermediate calculations and final answer to nearest whole dollar.)

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?