How does licensing work? A.
It involves licensing a business model to a company for sale in a foreign country.
B.
It involves setting up operations in a foreign country by providing part or full capital.
C.
It involves licensing technology or other intellectual property to a company for sale in a foreign country.
D.
It involves producing products domestically and selling them abroad.

Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows: