Question 49. Question : During January, Long, Inc.
produced 10,000 units of product with
costs as follows:
What is Lang's unit cost for January, calculated on the
variable
costing basis?
Question 50.
The King Mattress Company had the following operating
results for
2012-2013. In addition, the company paid dividends in both
2012 and
2013 of $60,000 per year and made capital expenditures in
both years of
$30,000 per year. The company's stock price in 2012 was $8
and $7 in
2013. The industry average earnings multiple for the
mattress industry
was 9 in 2013 and the free cash flow and sales multiples were
18 and 1.5,
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