, 12.07.2019 01:30 morganhines181

# 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.

Suppose that a worker in caninia can produce either 2 blankets or 8 meals per day, and a worker in felinia can produce either 5 blankets or 1 meal per day. each nation has 10 workers. for many years, the two countries traded, each completely specializing according to their respective comparative advantages. now war has broken out between them and all trade has stopped. without trade, caninia produces and consumes 10 blankets and 40 meals per day and felinia produces and consumes 25 blankets and 5 meals per day. the war has caused the combined daily output of the two countries to decline by