Barrett, Inc. reports the following information for the year ended December 31: Beginning Finished Goods Inventory 50 units Units produced 440 units Units sold 490 units Sales price $ 150 per unit Direct materials $ 30 per unit Direct labor $ 12 per unit Variable manufacturing overhead $ 13 per unit Fixed manufacturing overhead $ 15 comma 500 per year Variable selling and administrative costs $ 8 per unit Fixed selling and administrative costs $ 12 comma 500 per yearThe beginning Finished Goods Inventory costs were $3,300 under absorption costing and $2,550 under variable costing. What is the operating income using variable costing?

A.$3,700

B.$40,200

C.$40,500

D.$10,700

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop