The following describes production activities of mercer manufacturing for the year.

actual direct materials used 29,000 lbs. at $5.10 per lb. actual direct labor used 8,100 hours for a total of $164,430 actual units produced 48,000 budgeted standards for each unit produced are 0.50 pound of direct material at $5.05 per pound and 10 minutes of direct labor at $22.00 per hour. ah = actual hours sh = standard hours ar = actual rate sr = standard rate aq = actual quantity sq = standard quantity ap = actual price sp = standard price

(1) compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. round "cost per unit" answers to 2 decimal places.)

(2) compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000

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.

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.