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Alden Co.'s monthly sales and cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs.
Required:
1. Prepare a scatter diagram for these data with sales volume (in $) plotted on the horizontal axis and total cost plotted on the vertical axis.
2. Estimate both the variable costs per sales dollar and the total monthly fixed costs using the high low method. Draw the total costs line on the scatter diagram in part 1.
3. Use the estimated line of cost behavior and results from part 2 to predict future total costs when sales volume is
(a) $ 200,000
(b) $300,000.
This year Best Company earned a disappointing 5.6% after tax return on sales ( net income/ sales) from marketing 100,000 units of its only product.
Cash receipts from customers should improve given anticipated improvements in economic conditions. Company has also committed extra resources to the credit function, in order to speed up collection of overdue debts
Compute the balances of the inventory accounts and show how they are disclosed in the financial statements and prepare an income statement for the month ending March 31, 2013. Operating expenses are $44,000 and income tax expense is 20% of income ..
Prepare the appropriate journal entry for each of the items above (a. through j.). You can assume that all transactions with employees, customers, and suppliers were conducted in cash.
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In detail, recognize the difference between managerial style and managerial function.
Are the annual reports in compliance with the conceptual framework and AASB standard requirements and you need to use extracts from the annual reports to support your analysis.
Critically review the above. Do you agree, partly agree or disagree with the issues raised in the above? Discuss your reason (s) for doing so. You need to support your viewpoint with carefully chosen and authoritative evidence.
Briefly identify and explain the principle motives for holding cash and near cash assets. What are the risk-return trade-off associated with inventory management?
worldwide advertising inc. referred to as wai has hired you as an it consultant for implementing their windows network
Prepare a flowchart of a typical job order system with arrows showing the flow of costs and prepare separate journal entries for each type of manufacturing cost.
Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."
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