Bearings, Inc., which just began business last year, has the following information about LPl, the only product that it produces, and sells. LPl sells for $30 per unit. During its first year, 24,000 units of LPl were sold and 27,000 units were produced. The following costs were available: variable costs per unit: direct materials-$9; direct labor-$5; variable manufacturing overhead-$3; variable selling-$4. The indirect fixed costs for Bearings were manufacturing costs $50,000 and marketing $36,000. Assume that Bearings used variable costing in its first year. During the current year, the costs were exactly the same as the first year, but Bearings produced 24,000 units and sold 27,000 units. What is the income for the current period under variable costing? A. $166,000
B. $157,000
C. $130,000
D. $180,000

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?

Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.