TB MC Qu. 05-174 A manufacturer reports the following information... A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3 Income under variable costing$76,000 $109,000 $115,000 Beginning inventory (units) 0 800 500 Ending inventory (units) 800 500 0 Fixed manufacturing overhead per unit$8.00 $8.00 $8.00 Income for year 3 using absorption costing is: Multiple Choice $109,000. $117,000. $106,600. $115,000. $111,000.

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done