Trap Co. leased a new machine to Lake Co. on January 1, Year 4. Trap properly classified the lease as an operating lease. The lease expires on January 1, Year 9. The annual rental is $90,000. Additionally, on January 1, Year 4, Lake paid $50,000 to Trap as a lease bonus and $25,000 as a security deposit to be refunded upon expiration of the lease. In Trap’s Year 4 income statement, the amount of rental revenue should be

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: