Presented below is information related to jensen inc. pension plan for 2013.

service cost $1,100,000 actual return on plan assets 210,000 interest on projected benefit obligation 390,000 amortization of net loss 90,000 amortization of prior service cost due to increase in benefits 165,000 expected return on plan assets 180,000

what amount should be reported for pension expense in 2013?

a. $1,565,000
b. $1,535,000
c. $1,715,000
d. $1,355,000

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.