Shawnee Motors Inc. assembles and sells snowmobile engines. The company began operations on August I and operated at 100% of capacity during the first month. The following data summarize the results for August Sales (2,000 units) $600,000
Production costs (2,400 units)
Direct materials $300,000
Direct labor 115,200
variable factory overhead 43,200
fixed factory overhead 21,600 480,000
Selling and administrative expenses:
Variable selling and administrative expenses $50,000
Fixed selling and administrative expenses 22,000 72,000
A. Prepare an income statement according to the absorption costing concept.
B. Prepare an income statement according to the variable costing concept.
C. What is the reason for the difference in the amount of income from operations reported in (A) and (B)?

If you miss two payments on a credit card what is generally the penalty

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?