Absorption-costing income statement during the most recent year, osterman company had the following data: units in beginning inventory — units produced 10,000 units sold ($47 per unit) 9,300 variable costs per unit: direct materials $9 direct labor $6 variable overhead $4 fixed costs: fixed overhead per unit produced $5 fixed selling and administrative $138,000 required: 1. calculate the cost of goods sold under absorption costing. $ 223,200 2. prepare an income statement using absorption costing. enter amounts as positive numbers.

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Rats that received electric shocks were unlikely to develop ulcers if the

In a growing number of cities, stores are required either not to make available plastic or paper bags or to do so only for an additional fee. if this fee can be refunded when someone recycles the bag, the refund acts as a(n) incentive.