Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire amount each month at the rate of ​$50 per day.​ (Assume 30 days in a​ month.) The interest rate paid on bonds is 6 percent per month. It costs ​$4 every time Peabody sells a bond. The optimal average level of money holdings is the amount that .

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

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In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs. truefalse