The following information pertains to Marigold Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 40000 Accounts receivable (net) 34000 Inventory 25000 Property, plant and equipment (net) 210000 Total Assets $309000 Liabilities and Stockholders’ Equity Current liabilities $ 61000 Long-term liabilities 70000 Stockholders’ equity—common 178000 Total Liabilities and Stockholders’ Equity $309000 Income Statement Sales (net) $ 90000 Cost of goods sold 42000 Gross profit 48000 Operating expenses 12000 Net income $ 36000 Number of shares of common stock 8000 Market price of common stock $18 Dividends per share 0.80 What is the price-earnings ratio for Marigold?

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?