Marwick's pianos, inc., purchases pianos from a large manufacturer and sells them at the retail level. the pianos cost, on the average, $1496 each from the manufacturer. marwick's pianos, inc., sells the pianos to its customers at an average price of $2900 each. the selling and administrative costs that the company incurs in a typical month are presented below: costs cost formulaselling: advertising $940 per monthsales salaries and commissions $4,824 per month, plus 3% of salesdelivery of pianos to customers $63 per piano soldutilities $664 per monthdepreciation of sales facilities $5,036 per monthadministrative: executive salaries $13,559 per monthinsurance $710 per monthclerical $2,544 per month, plus $39 per piano solddepreciation of office equipment $914 per monthduring august, marwick's pianos, inc., sold and delivered 62 pianos. required: 1. prepare an income statement for marwick's pianos, inc., for august. use the traditional format, with costs organized by function.2. prepare an income statement for marwick? s pianos, inc., for august, this time using the contribution format, with costs organized by behavior. show costs and revenues on both a total and a pair unit basis down through contribution margin.

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

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using: