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Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130. How many units should the company produce to maximize its profit? What is the price that company charges? What are the profit, total revenues, and total cost of the company?
Michaels Company segments its income statement in its east and west divisions.The company's entire sales, contribution margin ratio, and net operating income are $600,000, 50%, and $50,000, respectively.
Auditors should decide, based upon cost considerations, whether to test the design effectiveness or operating effectiveness of controls. Inquiry alone provides sufficient evidence to support operating effectiveness of a control.
Your company has developed the drug called Matrox that is an effective treatment for migraine headaches. You have just discovered that it can also be employed for organ transplant patients to reduce risk of organ rejection.
Define and describe activity based costing. Also employ some real-life examples of how companies implement this management tool. Offer some comparisons and contrasts and pros and cons from different stand points on this topic.
Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based upon sales of 20,000 units at $ 100 per table.
Wikki State University (WSU) is preparing its maser budget for upcoming academic year. Currently, 8,000 students are enrolled on campus however, admissions ofice is forecasting a 5 percent growth in student body despite a tuition hike to $75 per c..
Provide calculations and reasons to support your answer. b. If Maximus Company has excess machine capacity but a limited amount of labour time available, to which product or products should the excess production capacity be devoted? Provide calculati..
Needham Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Needham for 2008 are as follows:
When using a normal costing system, manufacturing overhead is applied using the ______________ manufacturing overhead rate and the _______________ quantity of allocation base.
"Breakeven analysis isn't very useful to the company because companies require to do more than break even to survive in the long run." Describe why you agree or disagree with this statement.
The following table presents the weekly average of direct materials costs per unit for two products. How could the manager of the department that makes these products use this information?
Suppose only the specified paramenters change in cost-volume-profit analysis. If the contribution margin increases by $2 per unit then operating profits will ____.
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