Absorption costing and production-volume variance—alternative capacity bases. planet light first (plf), a producer ofenergy-efficient light bulbs, expects that demand will increase markedly over the next decade. due to the high fixed costsinvolved in the business, plf has decided to evaluate its financial performance using absorption costing income. theproduction-volume variance is written off to cost of goods sold. the variable cost of production is $240 per bulb. fixedmanufacturing costs are $1,170,000 per year. variable and fixed selling and administrative expenses are $0.20 per bulbsold and $220,000, respectively. because its light bulbs are currently popular with environmentally conscious customers, plf can sell the bulbs for $9.80 each. plf is deciding among various concepts of capacity for calculating the cost of eachunit produced. its choices are as follows: theoretical capacity mm hubspractical capaciy 5mm hill): normal capaciy zoom hulls (average expected output for the next three years}master budget capacity hubs expected production this year1. calculate the inventoriable cost per unit using each level of capacity to compute fixed manufacturing cost per unit. 2suppose plf actually produces 300,000 bulbs. calculate the production-volume variance using each level of capacity tocompute the fixed manufacturing overhead allocation rate. 3. assume plf has no beginning inventory. if this year’s actualsales are 225,000 bulbs, calculate operating income for plf using each type of capacity to compute fixed manufacturingcost per unit.

The county collector of suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. to reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other towns. the total amount deducted is added to the collections for the county and remitted to the suncoast county general fund.the following events occurred in 2017: 1. current-year tax levies to be collected by the agency were: county general fund $ 10,333,000 town of bayshore general fund 4,840,000 suncoast county consolidated school district 6,550,000 other towns 3,120,000 total $ 24,843,000 2. $13,700,000 of current taxes was collected during the first half of 2017.3. liabilities to all funds and governments as a result of the first half-year collections were recorded. (a schedule of amounts collected for each participant, showing the amount withheld for the county general fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.)4. all cash in the tax agency fund was distributed.requireda. prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1. record the current-year tax levies to be collected by the agency.2.record the current taxes collected during the first half of 2017.3.record the liabilities due to all funds and governments at the end of first half-year.4. record the distribution of all cash in the tax agency fundb. prepare journal entries for each of the foregoing entries that affected the town of bayshore general fund. begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1.record the revenues receivable and uncollectible.2. record the taxes collected

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?