Macy Corporation's relevant range of activity is 9,000 units to 18,000 units. When it produces and sells 13,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.65 Direct labor $ 4.10 Variable manufacturing overhead $ 2.10 Fixed manufacturing overhead $ 3.90 Fixed selling expense $ 1.40 Fixed administrative expense $ 0.70 Sales commissions $ 1.35 Variable administrative expense $ 0.60 If the selling price is $33.50 per unit, the contribution margin per unit sold is closest to: Multiple Choice $11.85 $7.65 $23.75 $19.70

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.

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?