Which of the following is a capital budgeting method? O A. net present value O B. inventory turnover OC. return on assets OD. return on equity Following GAAP, the income statement issued to investors and creditors must O A. be prepared using variable costing OB. be prepared in the contribution margin format O c. show the value of contribution margin OD. be prepared in the traditional format The following information relates to Myer, Inc.: Advertising Costs Sales Salary Sales Revenue President's Salary Office Rent Manufacturing Equipment Depreciation Indirect Materials Used Indirect Labor Factory Repair and Maintenance Direct Materials Used Direct Labor $13,000 16,000 450,000 320,000 64,000 1,200 5,800 13,000 940 24,000 44,000 O A. $349,000 OB. $88,940 OC. $463,000 OD. $573,250 Sales Revenue President's Salary Office Rent Manufacturing Equipment Depreciation Indirect Materials Used Indirect Labor Factory Repair and Maintenance Direct Materials Used Direct Labor Delivery Vehicle Depreciation Administrative Salaries 450,000 320,000 64,000 1,200 5,800 13,000 940 24,000 44,000 1,250 29,000 How much were Myer's product costs? O A. $349,000 OB. $88,940 O C. $463,000 OD. $573,250