Mocha company manufactures a single product by a continuous process, involving three production departments. the records indicate that direct materials, direct labor, and applied factory overhead for department 1 were $100,000, $125,000, and $150,000, respectively. the records further indicate that direct materials, direct labor, and applied factory overhead for department 2 were $50,000, $60,000, and $70,000, respectively. department 2 has transferred-in costs of $390,000 for the current period. in addition, work in process at the beginning of the period for department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. the journal entry to record the flow of costs into department 3 during the period is

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.