Cullumber Stoner sells handmade jewelry that she designs herself. The items aren’t expensive, and she has a loyal following in her town and the surrounding area. Cullumber incurred the following unit costs to produce 62,800 items. Direct materials $2.90 Direct labor $1.73 Variable overhead $0.79 Fixed overhead $4.29 Cullumber began the year with no inventory. During the year she sold 45,500 items for $15.16 each, incurring $0.48 in selling costs per item plus $4,900 in advertising and other selling expenses. (a) Under variable costing, what is Cullumber’s operating income?

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below. annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?