Gleason, inc. elects its board of directors on a staggered basis using cumulative voting. this implies that:

This implies that Gleason, inc. is electing a few directors  (usually ⅓ of the board) rather than electing all directors at once. Staggered boards with cumulative rights further imply that minority shareholders can use all their voting rights to vote for a particular person/director rather than giving votes to each of the open positions.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total