Albania was a closed, centrally planned state but is now a developing country with an open-market economy. in recent years, the country has suffered from a significant economic slowdown. it has infrastructure problems with an uneven electricity supply, problems with corruption, poor enforcement of contracts and property issues, which make it difficult to attract foreign investment; however, the government has made strides to improve the business climate through fiscal and legislative reforms. albania would like to continue to improve as an open-market economy. where could its leaders go to obtain assistance with financial and technical support

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.