Read Eye on Box Office Hits in the eText or click on the icon LOADING... to open a copy. Then answer the following question. In 1982, the CPI was 96.5, and in 1997, it was 160.5. Which movie had the greater real box office revenues, E. T.: The Extra-Terrestrial, which earned $435 million in 1982 or Titanic, which earned $601 million in 1997? Calculating the real box office revenues in 1997 dollars, the $435 million that E. T. earned in 1982 was the equivalent of $ nothing million (1997 dollars), so ▼ E. T. Titanic had the larger real box office revenues.

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: