Financial Accounting

Horizon Industries paid $320 in dividends and $450 in interest this past year. Common stock increased by $180, and retained earnings increased by $280. What is the net income for the year? a) $320 b) $450 c) $500 d) $600 e) $730

During its first year, Cypress Manufacturing, Inc., showed a $40 per unit profit under absorption costing but would have reported a total profit of $15,600 less under variable costing. If production exceeded sales by 650 units and an average contribution margin of 75% was maintained, what is apparent? a) Fixed cost per unit? b) Sales price per unit?