Farris corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 104 units in beginning inventory 0 units produced 8,850 units sold 8,450 units in ending inventory 400 variable costs per unit: direct materials $ 16 direct labor $ 58 variable manufacturing overhead $ 4 variable selling and administrative expense $ 8 fixed costs: fixed manufacturing overhead $ 132,750 fixed selling and administrative expense $ 8,600 what is the net operating income for the month under absorption costing?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?