White Water Rafting Company manufactures kayaks, which sell for $545 each. The variable costs of production (per unit) are as follows: Direct Material $ 185 Direct labor 100 Variable manufacturing overhead 90 Budgeted fixed overhead in 20x1 was $336,000 and budgeted production was 42,000 kayaks. The year's actual production was 42,000 units, of which 36,000 were sold. Variable selling and administrative costs were $4 per unit sold; fixed selling and administrative costs were $88,000. Required: A. Calculate the product cost per kayak under (a) absorption costing and (b) variable costing. B. Prepare operating income statements for the year using (a) absorption costing and (b) variable costing. C. Reconcile reported operating income under the two methods using the shortcut method.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?