During 2011,Marvin had the following transactions: 
Marvin's AGI is:
Definitions:
Break-even
The point at which total cost and total revenue are equal, meaning there is no net loss or gain.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Absorption Costing
An approach in accounting that comprises all costs of manufacturing, like direct materials, direct labor, and both types of manufacturing overheads (variable and fixed), in determining a product's cost.
Overproduction
The creation of more products or goods than are needed, leading to excess inventory and potential waste.
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