Highland industries makes custom yachts using a job cost accounting system. in anticipation of a busy year for 2019, highland’s accountant estimated the following overhead costs for 2019: machinery maintenance $181,350 utilities $226,380 supervision $191,000 materials handling cost $67,000 building occupancy costs $98,270 indirect materials $31,650 in the past, highland has used direct labor hours to allocate overhead to the various yacht building jobs and they anticipate using the same for 2019. highland anticipates using a total of 72,000 direct labor hours in 2019. at the beginning of 2019, highland had no yachts in process or finished but did have $202,000 in raw materials left over from 2018. during 2019, highland began work on 3 yachts (a, b, c). they also purchased and paid for $2,355,000 in raw materials. the predetermined overhead rate using direct labor hours for 2019 would be:

Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?