Classify costs following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as variable, fixed, or mixed. 1. cost of labor for hourly workers 2. factory cleaning costs, $6,000 per month 3. hourly wages of machine operators 4. computer chip (purchased from a vendor) 5. electricity costs, $0.20 per kilowatt-hour 6. metal 7. salary of plant manager 8. property taxes, $165,000 per year on factory building and equipment 9. plastic 10. oil used in manufacturing equipment 11. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 12. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 13. straight-line depreciation on the production equipment 14. pension cost, $1.00 per employee hour on the job 15. packaging

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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.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?