Mariah enterprises makes a variety of consumer electronic products. its camera manufacturing plant is considering choosing between two different processes, named alpha and beta, which can be used to make a component part. to make the correct decision, the managers would like to compare the labor and multifactor productivity of process alpha with that of process beta. they define the labor productivity for a process to be the ratio of output value to the value of labor input. the value of process output for alpha and beta is $160160 per unit of product a and $190190 per unit of product b, and the corresponding overhead costs for alpha and beta are $7 comma 0007,000 and $3 comma 0003,000, respectively.

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Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Personal financial planning is the process of creating and achieving financial goals? true or false