Purkerson, smith, and traynor have operated a bookstore for a number of years as a partnership. at the beginning of 2018, capital balances were as follows: purkerson $ 60,000 smith 40,000 traynor 20,000 due to a cash shortage, purkerson invests an additional $14,000 in the business on april 1, 2018. each partner is allowed to withdraw $1,000 cash each month. the partners have used the same method of allocating profits and losses since the business's inception: each partner is given the following compensation allowance for work done in the business: purkerson, $15,000; smith, $25,000; and traynor, $8,000. each partner is credited with interest equal to 10 percent of the average monthly capital balance for the year without regard for normal drawings. any remaining profit or loss is allocated 2: 3: 5 to purkerson, smith, and traynor, respectively. the net income for 2018 is $36,000. each partner withdraws the allotted amount each month. what are the ending capital balances for 2018?

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.