The atc curve for a firm that produces an information product select one:

a. is u-shaped, because avc is u-shaped, afc slopes downward, and atc = avc + afc.

b. slopes upward, because afc is constant, avc slopes upward, and atc = afc + avc.

c. slopes downward, because mc slopes downward, avc is constant, and atc = avc +mc.

d. slopes downward, because avc is constant, afc slopes downward, and atc = avc + afc.

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.

Identify at least 3 body language messages that project a positive attitude

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