On january 1, 2011, walter scott co. leased machinery under a 6-year lease. the machinery has a 9-year economic life. the present value of the monthly lease payments is determined to be 85% of the machinery's fair value. the lease contract includes neither a transfer of title to scott nor a bargain purchase option. what amount should scott report in its 2011 income statement?

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400