Sheridan Company can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution margin of $50 and takes two machine hours to make and Fancy has a unit contribution margin of $51 and takes three machine hours to make. There are 2400 machine hours available to manufacture a product. What should Sheridan do?

A. Make Plain which creates $ more profit per machine hour than Fancy does
B. Make Fancy which creates $24 more profit per unit than Plain does.
C. Make Plain because more units can be made and sold than Fancy.
D. The same total profits exist regardless of which product is made

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.

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii