A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 132,500 $ 138,400 $ 137,700 Beginning finished goods inventory (units) 0 1,950 1,450 Ending finished goods inventory (units) 1,950 1,450 1,550 Fixed manufacturing overhead per unit $ 2.20 $ 2.20 $ 2.20 Compute income for each of the three years usin

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Taking commercial paper means the holder acts honestly

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000