Dean Ayers, who was the Department Chair of the Accounting Dept. before he became Dean of Terry College, is an example of external recruiting, the advantages of which are that (i) the new hire already knows company culture, background, and products;
(ii) the new hire can make a quicker and more meaningful impact in the new role;
(iii) demonstrates to other employees a potential career path that allows growth and development; and
(iv) the firm already is aware of the skills and potential of the candidate when making the hiring decision

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.