Prepare an income statement (through income before income tax) for presentation to management, using the following data from the records of greenway manufacturing company for november of the current year: administrative expenses $73,500 cost of goods sold (at standard) 470,000 direct materials quantity variance—favorable 1,200 direct materials price variance—favorable 2,400 direct labor time variance—unfavorable 900 direct labor rate variance—favorable 500 factory overhead volume variance—unfavorable 10,000 factory overhead controllable variance—favorable 1,500 sales 950,000 selling expenses 165,800 greenway manufacturing company income statement for month ended november 30 sales $ cost of goods sold - at standard gross profit - at standard $ less variances from standard cost: favorable unfavorable direct materials price $ direct materials quantity direct labor rate direct labor time $ factory overhead controllable factory overhead volume gross profit $ operating expenses: selling expenses $ administrative expenses income before income tax

Northern lights electronics just completed plans to distribute its new tablet. the product has several unique features that differentiate it from competitor products. the marketing team plans to begin a roll-out with to only one traditional retailer for the first two months. this strategy will give consumers the perception of the product’s stand-out personality and increase demand. marketing will proceed with for the next four months, where it plans to distribute to three other retailers, as well. for the last six months of the year, it will initiate distribution agreements with discount retailers and online retailers, and any other electronics store that wants to carry it. the marketing team is confident that the tablet will cycle through the first three stages of its product life cycle quickly. as the tablet reaches maturity during the second half of its first year in the market, it is good strategy to proceed with as described above. intensive distribution; selective distribution; exclusive distribution exclusive distribution; selective distribution; intensive distribution tertiary level distribution; secondary level distribution; mono-level distribution mono-level distribution; secondary level distribution; tertiary level distribution