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# Creative Products Inc: costs, COGS, net income

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Creative Products Inc. incurred the following costs:

Direct Material Used = \$8,000
Direct Labor = \$20,000
Factory equipment deprectiation= \$1,000
Factory Rent = \$5,000
Indirect Labor = \$3,000
Indirect Materials = \$2,000

During the year, 3,000 units were produced out of which 2,750 units were sold for \$30.

A) Calculate the total product costs incurred for the year.
B) What is the product cost per unit?
C) What is the cost of goods sold for the year?
D) What is net income for the year?

#### Solution Preview

(A)

8,000 + 20,000 = 28,000
direct materials + direct labor = total product costs incurred for the year.

(B) ...

#### Solution Summary

This solution calculates the product costs, cost per unit, COGS, and net income for the year, for Creative Products, Inc. All calculations are provided.

\$2.19

## Portfolio Management/Analysis

Based an the attached, provide the following:

Report:
o Policy statement
o Economic Analysis
o Sector Analysis
o Selection of industry within sectors
o Selection of investments - buy investments by dating the purchase a year back so that you have more than 6 weeks market data to work with. You are not required to have a profitable portfolio - that is not part of the exercise.
 Addressing risk, diversification, global investing, return expectations
o Selection of index
o Behavior
 What has happened to this investment over the last year in relation to news about it? Also discuss the current status of the 50-day/200-day moving average and what it means.
o Results
 Individual/portfolio expected vs. actual annual returns, index vs. portfolio performance
 Evaluation of portfolio management (at least one method)

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