Moonwalker's CVP income statement included sales of 4,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $88,000. Net income is

Wriglee, Inc. went to court this year and successfully defended its patent from infringe-ment by a competitor. The cost of this defense should be charged to

a. patents and amortized over the legal life of the patent. b. legal fees and amortized over 5 years or less. c. expenses of the period. d. patents and amortized over the remaining useful life of the patent.

Which of the following is NOT part of the external environment for a manufacturer of custom-made office furniture?

A. A study on ergonomics by an engineering group B. The major distributor of wood veneers it uses in making its furniture C. The workers who craft the furniture to buyer specification D. A railway strike E. A competitor that makes similar-looking products with less expensive materials