Adams manufacturing company was started on january 1, 2018, when it acquired $78,000 cash by issuing common stock. adams immediately purchased office furniture and manufacturing equipment costing $9,100 and $27,000, respectively. the office furniture had an 8-year useful life and a zero salvage value. the manufacturing equipment had a $3,000 salvage value and an expected useful life of three years. the company paid $11,200 for salaries of administrative personnel and $15,800 for wages to production personnel. finally, the company paid $12,650 for raw materials that were used to make inventory. all inventory was started and completed during the year. adams completed production on 4,500 units of product and sold 3,550 units at a price of $16 each in 2018. (assume that all transactions are cash transactions and that product costs are computed in accordance with gaap.)

required
a. determine the total product cost and the average cost per unit of the inventory produced in 2018. (round "average cost per unit" to 2 decimal places.)
b. determine the amount of cost of goods sold that would appear on the 2018 income statement. (do not round intermediate calculations.)
c. determine the amount of the ending inventory balance that would appear on the december 31, 2018, balance sheet. (do not round intermediate calculations.)

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.