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Assume that six monthly observations of indirect manufacturing costs y and machine hours x are to be used as a basis for developing the cost-volume formula y'= a + bx. The sums are available as
Xx= 570 Xy = 3,785 Zxy = 364,000 Ex2 = 55,000 Zy2= 2,413,925
(a) Determine the fixed cost and the variable rate using the method of least squares.
(b) Compute the coefficient of determination.
What are some of the new tools information technology has given that contribute to unethical behavior?
In the accounting department of Frobisher Company, a manufacturing company that produces a popular consumer product. You typically prepare the variance analysis report and present it to the management committee for their review.
Evaluate the cost of the property to be recorded in the accounts. Prepare journal entries to reflect the revaluation for both building and land of the property.
Classify the items as (1) operating - add to net income; (2) operating - deduct from net income; (3) investing; (4) financing; or (5) significant noncash investing and financing activities. Use the indirect method.
Determine the quick ratio for the end of the year and the discount rate used by the bank in computing the proceeds
What can be the effect of the price increase on the firm's FCF for the year?
as of january 1 2011 survival industries inc. brought a boat at a cost of 360000.when purchased the corporation was
If the selling price is set at $12.00, Williams forecasts that first-year sales would increase to 19,000 units. Which pricing strategy ($16.00 or $12.00) would result in the greater total contribution to profits?
Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business.
List the errors you find in the following statement of cash flows. The cash balance at the beginning of the year was $180,576. All other amounts are correct, except the cash balance at the end of the year.
Compute the degree of operating leverage that the company would expect to have on December 31 and compute Pittman Company's break-even point in sales dollars.
What is the number of hours that must be billed to reach the breakeven point and what is the new breakeven point in hours?
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