The following events took place for Foucault Inc. during July 20Y2, the first month of operations as a producer of road bikes: a. Purchased $198,500 of materials
b. Used $170,700 of direct materials in production
c. Incurred $148,000 of direct labor wages
d. Applied factory overhead at a rate of 80% of direct labor cost
e. Transferred $419,600 of work in process to finished goods
f. Sold goods with a cost of $393,000
g. Sold goods for $703,500
h. Incurred $169,000 of selling expenses
i. Incurred $62,900 of administrative expenses

Requried:
Prepare the July income statement for Focault. Assume that Focault uses the perpetual inventory method.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?