Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 35,000 units Units sold this year 21,000 units Direct materials $ 19 per unit Direct labor $ 21 per unit Variable overhead $ 3 per unit Fixed overhead $ 175,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000, compute the net income under variable costing. Multiple Choice $70,000 $183,000 $210,700 $307,000 $113,000

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?