In motion upper t minus shirts pays $ 280 comma 000 for a group purchase of land, building, and equipment. at the time of acquisition, the land has a current market value of $ 217 comma 000, the building's current market value is $ 31 comma 000, and the equipment's current market value is $ 62 comma 000. prepare a schedule allocating the purchase price of $ 280 comma 000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. the business signs a note payable for the purchase price. prepare a schedule allocating the purchase price of $ 280 comma 000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. the business signs a note payable for the purchase price. begin by preparing a schedule allocating the purchase price of $ 280 comma 000. market percentage (sales) of total cost of asset value market value each asset land % building % equipment % total 100 %

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.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.