Problem 3 10 points Data for the three departments is as follows: Molding Dept. Grinding Dept. Finishing Dept. Direct Materials $150,000 $20,000 $15,000 Direct Labor 15,000 30,000 32,000 Applied Overhead 18,000 130,000 25,000 During the month, 10,000 components were completed. There is no beginning or ending WIP in any department. 1 Prepare a schedule showing, for each department, the cost of DM, DL Applied OH, product transferred in from prior department and total manufacturing costs. Molding Dept. Grinding Dept. Finishing Dept. Direct Materials Direct Labor Applied Overhead Transferred-in costs From Molding From Grinding Total Cost 2 Calculate the Unit Cost =

Wanda has graduated from community university (cu) and after nine months has failed to find a job. she graduated with a degree in business, and her college was aacsb accredited. (aacsb accreditation is a specialized accreditation for business schools that evidences a quality program.) in her complaint, she alleges that four years of school and tuition should guarantee a job in the field of study and states that she wants her money back. at no time did cu guarantee job placement, either through express or implied statements. wanda does not disagree with this but still thinks that she was wronged and that it is unfair to graduate and not get a job automatically. cu will be successful in extinguishing wanda's lawsuit if its attorney files a

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product