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Question 1: Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7, 100 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 9% of the items in inventory are A items, 36% are B items, and 55% are C items. She would like to set up a system in which all A items are counted monthly (every 22 working? days), all B items are counted quarterly (every 61 working days), and all C items are counted semiannually (every 118 working days). How many items need to be counted each?day?
Question 2: The total number of items that need to be counted each day is ____ items (round your response to the nearest whole number).
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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