Some of the following problems would be suitable for solution by engineering economic analysis. Which ones are they? a. Would it be better to buy a car with a diesel or gasoline engine? b. Should an automatic machine be purchased to replace three workers now doing a task by hand? c. Would it be wise to enroll for an early morning class to avoid traveling during the morning traffic rush hours? d. Would you be better off if you changed your major? e. One of the people you might marry has a job that pays very little money, while another has a professional job with an excellent salary. Which one should you marry?

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.