During January, the production department of a process operations system completed and transferred to finished goods a total of 88,000 units. At the end of January, 18,000 additional units were in process in the production department and were 70% complete with respect to labor. The beginning inventory included labor cost of $38,900 and the production department incurred direct labor cost of $308,700 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.

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.