O’brien company manufactures and sells one product. the following information pertains to each of the company’s first three years of operations: variable costs per unit: manufacturing: direct materials $26direct labor $17variable manufacturing overhead $5 variable selling and administrative $1fixed costs per year: fixed manufacturing overhead $530,000fixed selling and administrative expenses $170,000during its first year of operations, o’brien produced 93,000 units and sold 70,000 units. during its second year of operations, it produced 77,000 units and sold 95,000 units. in its third year, o’brien produced 80,000 units and sold 75,000 units. the selling price of the company’s product is $79 per unit. required: 1. assume the company uses variable costing and a fifo inventory flow assumption (fifo means first-in first-out. in other words, it assumes that the oldest units in inventory are sold first): a. compute the unit product cost for year 1, year 2, and year 3.b. prepare an income statement for year 1, year 2, and year 3.

At the beginning of the accounting period, nutrition incorporated estimated that total fixed overhead cost would be $50,600 and that sales volume would be 10,000 units. at the end of the accounting period actual fixed overhead was $56,100 and actual sales volume was 11,000 units. nutrition uses a predetermined overhead rate and a cost plus pricing model to establish its sales price. based on this information the overhead spending variance is multiple choice $5,500 favorable. $440 favorable. $5,500 unfavorable. $440 unfavorable.

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f