Maffei company, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 175units in beginning inventory 0units produced 9,500units sold 8,000units in ending inventory 1,500variable costs per unit: direct materials $ 55direct labor $ 38variable manufacturing overhead $ 2variable selling and admin $ 10fixed costs: fixed manufacturing overhead $ 300,000fixed selling and admin $ 125,000required: a. what is the unit product cost for the month under variable costing? b. what is the unit product cost for the month under absorption costing? c. prepare an income statement for the month using the variable costing method. d. prepare an income statement for the month using the absorption costing method.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

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Retail industry fundamentals credential exam,part 1 all answers