Garrett Toy Company incurred the following costs in April to produce job number TB78, which consisted of 1,000 teddy bears that can walk, talk, and play cards. Direct Material: 4/1/20x0 Requisition number 101: 400 yards of fabric at $0.80 per yard 4/5/20x0 Requisition number 108: 500 cubic feet of stuffing at $0.20 per cubic foot Direct Labor: From employee time cards for 4/1/20x0 through 4/8/20x0: 500 hours at $12.00 per hour Manufacturing Overhead: Applied on the basis of direct-labor hours at $3.00 per hour. Job number TB78 was completed on April 15. On April 30, 800 of the bears were shipped to a local toy store. Required: Prepare a job-cost record using the information given above.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.