You are a American wholesaler looking to purchase wine goblets. Your company will pay a Japanese supplier ¥ 380 for each wine goblet, and the current dollar/yen spot exchange rate is $1 = ¥ 112. At this rate each wine glass costs you $3.39. You know you can sell each wine goblet for $6.95 which yields a gross profit of $3.56. However you cannot pay the supplier until all of the wine goblets are sold. If over the next 30 days the dollar unexpectedly depreciates against the yen to $1 = ¥90 what will be the profit per wine glass?

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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.