Saphire company budgeted the following production in units for the second quarter of the year:
april 45,000
may 38,000
june 42,000
each unit requires four pounds of raw material. saphire's policy is to have 30% of the following month's production needs for materials in inventory. this policy was met in march. the desired ending inventory for april in pounds equals: .

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

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.

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.