Cawley company makes three models of tasers. information on the three products is given below. tingler shocker stunner sales $296,000 $504,000 $200,000 variable expenses 150,300 196,800 136,900 contribution margin 145,700 307,200 63,100 fixed expenses 121,168 234,632 95,900 net income $24,532 $72,568 $(32,800) fixed expenses consist of $308,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (tingler), $79,400 (shocker), and $34,300 (stunner). the common costs will be incurred regardless of how many models are produced. the direct fixed expenses would be eliminated if that model is phased out. james watt, an executive with the company, feels the stunner line should be discontinued to increase the company’s net income. compute current net income for cawley company. net income

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.