Joseph, the owner of a chain of shoe stores, contracts with Mali, Inc., a large shoe company, to order 5,500 pairs of Balducci men's shoes for a price of $400 per pair, or $2.2 million total contract price. The shoe brand, style and sizes are standardand it is popular all over the country. The delivery date was March 1, 2021. The $2.2 million was paid in advance and accepted by Mali, Inc. On March 1, Joseph receives only 4,500 pairs of those shoes. He demands the additional 1,000 pairs of Balducci shoes from Mali, who refuses to comply, because he needed the shoes to sell to someone else. Joseph seeks to sue Mali for the following: Damages, based on the fact that it would cost $50 extra per pair to buy the 1,000 pairs from another company Damages of $10,000 due to lost business clients because he could not get the complete delivery. Required:
a. Can Joseph prevail in the action for money damages of $50 per pair? Explain
b. Can Joseph prevail in obtaining damages for the lost business? Explain.
c. Can Joseph force Mali to perform the rest of the contract? Explain.

Exercise 6-2 variable costing income statement; explanation of difference in net operating income [lo6-2] ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $970. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 200 units sold 180 units in ending inventory 20 variable costs per unit: direct materials $ 130 direct labor $ 300 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 63,000 fixed selling and administrative $ 25,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 174,600 cost of goods sold 139,500 gross margin 35,100 selling and administrative expense 27,700 net operating income $ 7,400 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing.