Chapter 23, Problem 10Q

BrightCo has a net income of $5.4 million and 2 million common shares outstanding. Each share is currently trading at $27 in the stock market. What is BrightCo's current EPS and P/E ratio?

None

Miller Manufacturing, which produces a single product, has provided the following data for its most recent month of operations: • Number of units produced: 1,200 • Variable costs per unit: o Direct materials: $60 о Direct labor: $50 • о Variable manufacturing overhead: $9 Variable selling and administrative expense: $10 Fixed costs: о Fixed manufacturing overhead: $48,000 。 Fixed selling and administrative expense: $84,000 There were no beginning or ending inventories. The absorption costing unit product cost was: a) $172 per unit b) $230 per unit c) $119 per unit d) $159 per unit