At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. the annual budgeted manufacturing overhead was $150,000 for variable costs and $600,000 for fixed costs. in april, when there was a beginning inventory for finished goods of 5,000 units, the company showed an income of $40,000 using absorption costing. that same month, ending inventory for finished goods was 7,000 units. what amount would the company recognize as income for april using variable costing?

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?