e the the average cost for the cost NM direct materials assigned to produc As there per unit anuf costs of pany has income state for Round your used during the year ings per share any operating income, the year, the answer to two ecimal places.) assume an income the com- tax rate of 20 percent. Commit earn- d. Explain whether you agree or disagree with Jackson's remarks that the is unprofit- able and that its unit cost of production (S67.10, accordi Jackson) higher than that of comings in her Garound If you disagree with is much analysis. Jackson, explain any errors or short- Critical Thinking Cases 6 William Nelson, the chief accountant of West Texas Guitar Company, was an automobile accident shortly before the end of the company's first year of operations. At year-end, a clerk with a very limited understanding of accounting prepared the following income statement, which is unsatisfactory in several respects