French Confection, Inc., allocates overhead using direct labor hours as the allocation activity. The following information was estimated at the bèginning of the year: Estimated Manufacturing Overhead $400,000 Estimated Machine Hours 4,000 Estimated Direct Labor Hours 5,000 During the year, the bakery department used 800 machine hours and 2,000 direct labor hours. How much manufacturing overhead was allocated to the bakery department during the year?

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…