A company reports the following information for its first year of operations: Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 43,000 units 39,000 units $ 0.57 per unit $ 0.83 per unit $26,660 in total ? in total If the company's cost per unit of finished goods using variable costing is $2.02, what is the amount of total fixed overhead?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?