Last year, richmon company produced 10,000 units and sold 6,000 units at a price of $20. costs for the last year were as follows: direct materials $30,000 direct labor 38,000 variable factory overhead 8,000 fixed factory overhead 40,000 variable selling expense 5,000 fixed selling expense 4,900 fixed administrative expense 11,000 fixed factory overhead is applied based on expected production. last year, richmon expected to produce 10,000 units. assuming that beginning inventory was zero, what is the value of ending inventory under absorption costing? (note: round answers to the nearest dollar.) a.$38,000 b.$46,400 c.$10,000 d.$50,000 e.$31,000

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.