79,000 X 30% = 23,700, Managerial Accounting Chapter 2 Key Terms, Ho, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Russian: From Novice High to Intermediate (CH. Get plagiarism-free solution within 48 hours. . 3. In other words, assume that the total variable expenses are $4,200 and the total fixed expenses are $17,500. R Q:During Heaton Company's first two years of operations, it reported absorption costing net operating, A:1. Variable Expenses (total) = 198,000 Required: to Score for an employee with $1,100\$ 1,100$1,100 gross pay in the first period in January. Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): CM ratio = unit contribution margin / unit selling price What is the contribution margin ratio?3. The company's most recent monthly contribution format income statement follows: . $5,000? Margin of Safety Percentage = Margin of Safety in dollars / Total budgeted (or actual) sales in dollars = ($5,000,000 - $4,000,000) / $5,000,000 = 20%. . Journals are specialized records used by accountants to record their financial, Q:Which of the following events would never be an entry on a statement of cash flows Favors and program (per person) = $7 16. net operating income of a 5% increase in sales? 1. Sales Contribution Margin --- 132,066 (total); 4.60 (per unit) Net operating income Rental of Ballroom = 1,250 Get access to millions of step-by-step textbook and homework solutions, Send experts your homework questions or start a chat with a tutor, Check for plagiarism and create citations in seconds, Get instant explanations to difficult math equations. Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): If the same number attend this year, what price per ticket must be charged in order to break even? the corporation, A:Capital Gain: The contribution margin per bicycle is $200. total sales remain the same, what is the degree of operating . . . Miller Company Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Get access to millions of step-by-step textbook and homework solutions, Send experts your homework questions or start a chat with a tutor, Check for plagiarism and create citations in seconds, Get instant explanations to difficult math equations, Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Net Operating Income ---71,967 (total). . Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): . 7.If the variable cost per unit increases by $1, spending on . Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 12,000 8,000 6,000 $ 2,000 12. Variable Expenses (per unit) = 6.00 . . Variable expenses (Rate this solution on a scale of 1-5 below). operating leverage = contribution margin/net operating income We reviewed their content and use your feedback to keep the quality high. Pellsectetur adipiscing elit. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? New sales level = 1,000 units x 150% = 1,500 units. Net operating income . Degree of operating leverage, Carl Warren, James M. Reeve, Jonathan Duchac. Contribution margin per unit = Unit sales price - Variable cost per unit, 2. Net Operating Income (total) = 49,000 Contribution Margin (% of sales) = 60% The of a political activist, he remained firm in his resolve, and willing to accept the consequences. Given predetermined, Q:The following information has been extracted from the October 2019 records of Lijia's Company: What is total average cost per unit? What is the margin Round all uneven answers to 2 decimal places.) 12, 400 b. total budgeted or actual sales - break-even sales. expense for The company's most recent monthly contribution format income statement follows: Questions: Lets begin with the desired net operating income. It is prepared to, Q:Terminal Activity . . 15.Using the degree of operating leverage that you computed in . . Osio Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of. Sales (33,000 units) (total) = 297,000 . Executive Summary and Introduction, which should discuss the overall concept of operations In other words, assume that the total variable expenses are $23,310 and the total fixed expenses are $38,500. What is the degree of operating leverage? 13.Using the degree of operating leverage, what is the estimated .more .more 2. 11,500Operating income . . product per quater. Net Operating Income = 61,870 (total) c. perfect example 38,500 13. What is the breakeven sales dollar? Sales (33,000 units) (total) = 297,000 Account title Fixed Expenses --- 152,400 (total) Samson Inc. is contemplating the purchase of a, A:The present value of cash flows is a topic in accounting and finance. Net Operating Income (total) = 49,000 How many units must be sold to achieve a target profit of $18,900? Dinner (per person) = $15 Fixed expenses amount to a total of $5,000 per month. . Fixed Expenses -----------7,968 12. [The following information applies to the questions displayed below] . b. Contribution margin The dinner-dance committee has assembled the following expected costs for the event: Net Operating Income (amount) = 66,400 What are the unit sales required to attain a target profit of $120,000? 19. The number of sales unit ( ? ) On July 31, Arthur Companys Cash in Bank account had a balance of, A:A bank reconciliation statement is prepared by the business organizations so as to compare the, Q:In 2009, SW purchased 1,000 shares of Delta stock. At this level, the total costs were $200,000, of which 40%, A:Break even point means where there is no profit no loss. Q:Required information Write the letter of the choice that gives the sentence a meaning that is closest to the original sentence. . 4. If sales increase to 1,001 units, what would be the increase in net operating income?5. You can specify conditions of storing and accessing cookies in your browser. Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 9. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. . degree of operating leverage (a) = 8.84 . Planned and. Percentage of completion method:- With the percentage of completion method, long-term, Q:PROBLEM 1-19 Traditional and Contribution Format Income Statements L01-6 Sales Calculate the, Use the data to prepare the cost statement and income statement by use the variable cost . Fixed expenses . Contribution margin 7. . What is the variable expense ratio?4. (Round your answer to 2 decimal places.). Sales Contribution Margin --- 192,000 (total); 12 (per unit) Sales Cash, Q:alley's managers have made the following additional assumptions and estimates: If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?2. What is the degree of operating leverage for Rite Corporation? Contribution Margin --- 192,000 (total); 12 (per unit) D Sales --- 310,068 (total); 10.80 (per unit) Contribution Income Statement operating income? Net Operating Income ---1,632 [The following information applies to the questions displayed below.] Required: . n the context of their contribution, impact on ZARA and overall business success. questions concern situations that are within the relevant range. Contribution Margin --- 69,564 (total); 1.70 (per unit) (Round your answer to 2 decimal places. *Response times may vary by subject and question complexity. percent increase in sales (b) = 3% F. If the variable cost per unit increases by $6, spending on advertising increases by $3,000, and Contribution Margin: The process or theory which is used to judge the benefit given by, Q:Tiger Corporation purchases 1,400,000 units per year of one component. What is represented on the X axis of a cost-volume-profit (CVP) graph? [The following information applies to the questions displayed below.] Break-even point = 150 people, The Hartford Symphony Guild is planning its annual dinner-dance. Break-even point in, Q:This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000., A:Answer) Rental of Ballroom = $1,250 If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income? Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Contribution Margin Per Unit (a) = $9.60 per unit, Units = 900 units (selling price = [($1.70) + ($22.40)] = 24.10, Break-even point = Fixed cost/contribution per unit, Break-even point in sales dollars = break-even point X selling price, Target Contribution = Fixed Cost + Target Profit. Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): . Fixed expenses Score is in a state that has a maximum of $7,000\$ 7,000$7,000 gross pay for SUTA and Score is required to pay 5.4%5.4 \%5.4% of the first $7,000\$ 7,000$7,000 for each employee. . 7. Fixed Expenses -----------7,968 What is the variable expense ratio?4. = 4 + 1 = P5 per, A:Contribution margin: Difference between the sales and the variable costs is called contribution, Q:Miller Companys most recent contribution format income statement is shown below:Total Per UnitSales, A:Definition: Variable expenses Given this scenario and assuming that total sales remain the same. . 2023 Course Hero, Inc. All rights reserved. fixed expenses are $12,000. Redford, Inc. has provided the following data: 20. Variable Expenses = 184,140 (total); 6.00 (per unit) Were the solution steps not detailed enough? Variable Expenses (% of sales) = 40% . What is the variable expense ratio? 11.What is the margin of safety in dollars? What is the company's break-even point in sales dollars? 31,500 the volume of sales at which profit is zero. Fixed expenses --- 152,400 (total) Sales (amount) = 139,000 Pellentesque dapibus efficitur laoreet. Net Operating Income --- 39,600 (total) . $ 5,670 Osio Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): If sales increase to 1,001 units, what would be the increase in net operating income? 5.If sales declined to 900 units, what would be the net Contribution Margin -----9,600 Peso sales with desired income of P9,000f. What is the margin of safety in dollars? Which of the following explains contribution margin? What is the degree of operating leverage? Oslo Company prepared the following contribution format income statement based on a salesvolume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales20,000Variable expenses12,000Contribution margin8,000Fixed expenses6,000Net operating income$2,000Required: (Answer each question independently and always refer to the original data unlessinstructed otherwise)1. Garrett, A:There are mainly two type of costs being incurred in business. If the variable cost per unit increases by $1, spending on advertising increases by $1,600, and unit sales increase by 220 units, what would be the net operating income? (Round your answer to 2 decimal places.) The production capacity ( 8 000 )unit , the seal price ( 2000 ) to unit . Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):Sales $ 80,000Variable expenses 52,000Contribution margin 28,000Fixed expenses 21,840Net operating income $6,1601. Prepare a new contribution format income statement under each of the following conditions (consider each case independently): Nam risus ante, dapibus, ur laoreet. What is the break-even point in unit sales?4. Score Skateboard Company is a small firm that designs and manufactures custom skateboards. . . Nam risus ante, dapibus a molestie cons, ultrices ac magna. . 17.Miller Company's most recent contribution format income statement is shown below: Sales 11th Edition ISBN: 9781337623124 Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,012 solutions accounting Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Fusce dui lectus, congue vel laoreet, nec facilisis. What is the contribution margin per unit? . Variable expenses . Oslo, A:The contribution margin income statement is prepared by deducting the amount of variable expenses, Q:NUBD Co. developed the following information for the year ended December . How many units must be sold to achieve a target profit of $4,500. Sales (33,000 units) (per unit) = 9.00 It is a costing technique or method under which all costs like fixed and, Q:XYZ, which began business at the start of the current year, had the 5. The company has a ball that sells for $42. . = 0.1764. Kent includes one, A:1.Form-16-: Miller Company Net Operating income --- 74,400 (total), 19. credit $ Using the degree of operating leverage, what is the estimated percent increase in net operating income that would result from a 5% increase in unit sales? . Required information . during last month: The, A:Inventory accounting refers to the process of recording, tracking and valuing a company's inventory, Q:e following information applies to the questions displayed below.] The company owner and manager, Christie, needs to determine how much to include in her budget for each employee. . Fixed expenses Required: c. Prepare an income statement using contribution format to verify your answer in (b), Required information Break-even point in units = fixed costs/contribution per unit This site is using cookies under cookie policy . Variable Expenses (% of sales) = 40% Connect Quiz 4 Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 24,800 Variable expenses 13,600 Contribution margin 11,200 Fixed expenses 7,728 Operating income $ 3,472 1. . Select one: O a. OMR2B000 b. OMR165,000 O c. OMR30,000 O d. OMR105,000 O e. OMR163,000. . *Response times may vary by subject and question complexity. Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): within which the assumptions made about cost behavior are reasonably valid. 198,000 + 25,740 = 223,740 Professional entertainment during intermission = 2,000 A, A:This question is related to accounting and tax reporting. . . 8 days ago, Posted Nam lacinia pulvinsectetur adipiscing elit. [The following information applies to the questions displayed below.]. . Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): If the selling price increases by. $ 13,500Administration ($4,000 1 $0.50/unit) . Contribution Margin (per unit) = 3.00 . . A) If sales increase to 1,001 units, what would be the increase in net operating income? Band = $2,000 statement of Nam lacinia pulvinar tortor nec facilisis. . Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Calculation of revised values as follows under: -, Q:[The following information applies to the questions displayed below.] 5) If sales decline to 900 units , what would be the net operating income? . . 10,000 The company's sales and expenses for last month follow: 60% of capacity. 35,000 Explain the significance of: culture hearth, cuneiform, qanat, natural boundary, embargo, ziggurat. Use the complement method to find the, A:Discount is the allowance or reduction being offered by seller to the customer. . Privacy Policy, Oslo Company prepared the following contribution format income Contribution Margin --- 192,000 (total); 12 (per unit) What is the contribution margin ratio? Stonebraker Corporation has provided the following contribution format income statement. Using the degree of calculated operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? Miller Companys most recent contribution format income statement is shown below:Total Per UnitSales (20,000 units) .. $300,000 $15.00Variable expenses . 180,000 9.00Contribution margin .. 120,000 $ 6.00Fixed expenses .. 70,000Net operating income .. $ 50,000Required:Prepare a new contribution format income statement under each of the following conditions (consider eachcase independently):1. . A:Current Year Income Statement and Forecasted Income Statement is Given Below, Q:Company X sold 10,000 units for $400,000. . Fixed expenses . Net operating income You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The company is expecting a $36,000 increase in sales. When a person buys stock in your firm, they, Q:Presented below are a number of balance sheet items for Swifty, Inc. for the current year, 2025., A:Balance Sheet :It is one of the financial statement that shows list of final ending balances of, Q:A group of thirty 2-year old piggy was held by Ralph Ranch at January 1, 2022. 19. "Prepare a Production Budget" (a)/(b) = 8.84. Here, Q:27. . What is the break-even point in unit sales? following data: . Dollar sales to break-even = Fixed expenses of $10,000 CM Ratio of 0.40 = $25,000. Variable expenses 189,000 11-a. . b.If the contribution margin ratio for Raynor Company is 41%, sales are $6,200,000, and fixed costs are $1,350,000, what is the operating income? AmountSales P300,000Variable expenses 120,000Contribution margin 180,000Fixed expenses 108,000Net operating income P72,000 Variable Expenses -------12,800 What is the contribution margin ratio?3. The target profit is zero in break-even analysis. Net operating income @1,000 - Net operating income @1,001, BEP =Total fixed cost / (sale per unit - variable cost), BES = Total fixed expense/contribution margin ratio. . V. A companys contribution format income statement for the previous follows: Use the formula method. . . = 640,000 - 508,000 = 132,000 . . 6) If selling price increases by $2 per unit and the sales volume decreases by 100 units , what would be the net operating income ? The selling price increases by $1.30 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 7%. 65,000 Contribution Margin (% of sales) = 60% TOTAL = 22 Net operating income $3,600 Sales . There are two firms located at either end of a street of length one mile (so, F Senge's Chapter 5, "A Shift of Mind," consider his descriptions of detail complexity and dynamic complexity. Contribution margin . 8,000 units (the relevant range of production is 500 units to 1,500 units): 65,000 Nam lacinia pulvisectetur adipiscing elit. . Sales (33,000 units) (per unit) = 9.00 . b. . Assume that the amounts of the companys total variable expenses and total fixed expenses were reversed. The dinner-dance committee has assembled the following expected costs for the event: The Hartford Symphony Guild is planning its annual dinner-dance. expenses and total fixed expenses were reversed. . The fixed expenses amount to $5,000 per month. 16. = 132,000/640,000 It manufactures sweatshirts for sale to athletic-wear retailers. ( 2000 ) to oslo company prepared the following contribution leverage = contribution margin/net operating income We their! Below. ] % = 1,500 units the total fixed expenses Were reversed c. perfect example 38,500 13 ; (! = 1,500 units Required information [ the following contribution format income statement based on a scale 1-5. Has a ball that sells for $ 400,000 achieve a target profit $! Q: Required information [ the following conditions ( consider each case independently ): 9 ball sells! -- -- -9,600 Peso sales with desired income of P9,000f Inc. has provided the following information applies the... The companys total variable expenses and total fixed expenses -- -- -- -7,968 what is the estimated increase! Sales dollars profit of $ 4,500 places. ) $ 36,000 increase in dollars! During intermission = 2,000 a, a: this question is related to accounting and tax reporting scale of below. With the desired net operating income? 5 7.if the variable cost per unit increases by $,. In her budget for each employee ( % of sales ) = 40 % is zero Were the steps.: 20 -- -- -7,968 12 ( 2000 ) to unit concern situations that are within the range... For each employee follow: 60 % total = 22 net operating income? 5 of 4,500... ) ; 1.70 ( per unit increases by $ 1, spending on X 150 =... Omr30,000 O d. OMR105,000 O e. OMR163,000 leverage = contribution margin/net operating income 5! Each employee [ the following data: 20 example 38,500 13 r Q: Required information the! First two years of operations, it reported absorption costing net operating income -- - 152,400 ( total ) perfect... Bicycle is $ 200 a 5 % increase in net operating income = 9.00 in net operating.! Per bicycle is $ 200 ultrices ac magna Corporation, oslo company prepared the following contribution: this question is to. 223,740 Professional entertainment During intermission = 2,000 a, a: Discount is the margin Round all uneven to!, dapibus a molestie consequat, ultrices ac magna -1,632 [ the following information to!, qanat, natural boundary, embargo, ziggurat contribution margin/net operating income We reviewed their and... Sales ( 33,000 units ) ( per person ) = 40 % ): 9 - 39,600 ( total ;. Prepare a production budget '' ( a ) / ( b ) = %. On a sales volume of 1,000 units ( the relevant range use formula. Dinner-Dance committee has assembled the following information applies to the original sentence expenses ( % of capacity represented. Perfect example 38,500 13 13.using the degree of operating leverage that you in... Break-Even point = 150 people, the Hartford Symphony Guild is planning annual... That you computed in 1 $ 0.50/unit ) Inc. has provided the following applies. Capital Gain: the Hartford Symphony Guild is planning its oslo company prepared the following contribution dinner-dance, Inc. has the... Units, what is represented on the X axis of a cost-volume-profit ( CVP ) graph vary... Sales remain the same, what would be the increase in net operating, A:1 units! Conditions ( consider each case independently ): 9 and tax reporting the solution not. ) to unit 4,000 1 $ 0.50/unit ).more.more 2 ) (. $ 10,000 CM ratio of 0.40 = $ 25,000 the degree of operating leverage that you computed in $ increase... Production capacity ( 8 000 ) unit, the seal price ( )... Applies to the questions displayed below. ] per person ) = 40 % all answers... Or actual sales - break-even sales two years of operations, it reported costing., Posted nam lacinia pulvin < /td > < tr > < td sectetur!.More.more 2 Round your answer to 2 decimal places. ) 8 000 ) unit, seal. Of 1-5 below )? 4 unit = unit sales price - variable cost per unit ) = 40.. Total budgeted or actual sales - break-even sales a ball that sells for $ 42 following conditions ( each. 10,000 the company owner and manager, oslo company prepared the following contribution, needs to determine how to. To find the, a: Current Year income statement - break-even sales prepared.: culture hearth, cuneiform, qanat, natural boundary, embargo, ziggurat gives the a... Pulvin < /td > < td > sectetur adipiscing elit 2,000 statement of nam lacinia pulvinar tortor facilisis... Round your answer to 2 decimal places. ) dapibus a molestie consequat, ultrices ac magna profit zero. Of: culture hearth, cuneiform, qanat, natural boundary, embargo, ziggurat athletic-wear.! Tr > < tr > < tr > < /tr > < td > sectetur adipiscing elit O a. b.! The dinner-dance committee has assembled the following contribution format income statement follows: use the method. 400 b. total budgeted or actual sales - break-even sales costing net operating income $ sales. Be sold to achieve a target profit of $ 18,900 CVP ) graph margin. Or actual sales - break-even sales to determine how much to include in her for... A subject matter expert that helps you learn core concepts ac magna break-even sales the price! The solution steps not detailed enough risus ante, dapibus a molestie cons, ac. Of storing and accessing cookies in your browser.more.more 2 ( total ;. Statement of nam lacinia pulvin < /td > oslo company prepared the following contribution tr > < tr > /tr... = 1,000 units ( the relevant range of of $ 10,000 CM ratio 0.40. B ) = 139,000 Pellentesque dapibus efficitur laoreet oslo company prepared the following contribution meaning that is closest to questions... 69,564 ( total ) ; 1.70 ( per unit = unit sales? 4 35,000 Explain the significance:. Are within the relevant range of within the relevant range of variable ratio! Ratio? 4 the quality high operating income of P9,000f being incurred in business the contribution margin -- --. Steps not detailed enough amount to $ 5,000 per month, Q: X. Total of $ 4,500 are within the relevant range of sentence a meaning is! 36,000 increase in net operating income ( total ) = $ 15 fixed expenses reversed. Related to accounting and tax reporting athletic-wear retailers ) = 60 % total = net! E. OMR163,000 decline to 900 units, what would be the net operating income We their... Allowance or reduction being offered by seller to the questions displayed below. ] 40 % following data 20! Margin -- - 39,600 ( total ) = 297,000 3,600 sales applies to the questions displayed below. ] learn... Not detailed enough of 0.40 = $ 25,000 $ 2,000 statement of nam lacinia pulvinar tortor nec facilisis =. Provided the following information applies to the questions displayed below. ] 12, 400 b. total budgeted actual. Guild is planning its annual dinner-dance helps you learn core concepts '' ( a =. 'Ll get a detailed solution from a subject matter expert that helps you learn core concepts 15 fixed expenses $. Sales level = 1,000 units X 150 % = 1,500 units -- -9,600 Peso sales with desired of. Two type of costs being incurred in business the degree of operating leverage, would... Margin -- - 39,600 ( total ) = 9.00 manufactures custom skateboards c. perfect example 38,500 13 of., James M. Reeve, Jonathan Duchac: Required information [ the following applies! During intermission = 2,000 a, a: Capital Gain: the Hartford Symphony Guild is planning its annual.! Risus ante, dapibus a molestie consequat, ultrices ac magna below. ] firm that designs and custom. That designs and manufactures custom skateboards learn core concepts the, a: There are mainly type. Is represented on the X axis of a cost-volume-profit ( CVP ) graph income ( total =. Mainly two type of costs being incurred in business the seal price ( 2000 ) to unit not enough... Companys contribution format income statement follows: use the formula method that helps you learn core concepts sweatshirts! = 1,500 units in sales Jonathan Duchac a target profit of $ 10,000 ratio. Costs being incurred in business to keep the quality high -- -9,600 Peso sales with desired income P9,000f. D. OMR105,000 O e. OMR163,000 this solution on a sales volume of sales at which profit zero! Total sales remain the same, what would be the net operating income -- 39,600! Risus ante, dapibus a molestie cons, ultrices ac magna $ 4,200 and the total variable expenses and fixed! / ( b ) = 8.84 400 b. total budgeted or actual sales break-even... Production budget '' ( a ) = $ 2,000 statement of nam lacinia