Scoop a dollop of quick-drying joint compound onto your drywall knife and press it along the length of the crack; mud vertical cracks from top to bottom; let convenience guide you on horizontal cracks. Refill your knife and continue across longer cracks.
Press a strip of drywall tape along the crack and into the mud using your drywall knife. Apply a thin layer of mud to the tape, scrape away the excess and let it dry. Smooth the joint compound with medium-grit sandpaper.
Measure the crack and cut a length of molding the required length. From the nearest corner, measure and mark the wall every 16 inches to identify wall studs; nailing between studs yields a weak connection. Hold the mold against the wall, covering the affected area and drive a finishing nail through the molding and into the wall and wall stud.
Place a carpenter's level on the molding and adjust the mold until it is completely level. Drive a second finishing nail through the molding at the next stud (16 inches to the right or left). Continue until the cracked area is covered.