Fresno Industries Inc. manufactures and sells high-quality camping tents. The company began operations on January 1 and operated at 100% of capacity (46,200 units) during the first month, creating an ending inventory of 4,200 units. During February, the company produced 42,000 units during the month but sold 46,200 units at $115 per unit. The February manufacturing costs and selling and administrative expenses were as follows:

Number of Units Unit Cost Total Cost

Manufacturing costs in February 1 beginning inventory:

Variable 4,200 $46.00 $193,200
Fixed 4,200 17.00 71,400
Total $63.00 $264,600

Manufacturing costs in February:

Variable 42,000 $46.00 $1,932,000
Fixed 42,000 18.70 785,400
Total $64.70 $2,717,400

Selling and administrative expenses in February:

Variable 46,200 $22.10 $1,021,020
Fixed 46,200 7.00 323,400
Total $29.10 $1,344,420

a. Prepare an income statement according to the absorption costing concept for the month ending February 28.

b. Prepare an income statement according to the variable costing concept for the month ending February 28.

The legal form of business ownership that is owned by many people is called a

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer