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Economic order quantity (Appendix 7.2). The Sun Valley Foundry regularly uses 10,000 axles per year. It can purchase axles for $100 each. Ordering costs are $10 per order, and the holding costs of items in inventory are 20 percent of cost per year. Prepare an analysis for management that answers the following question:
What are the economic order quantity and annual ordering costs?
Text Book: Managerial Accounting: An Introduction to Concepts, Methods and Uses By Michael Maher, Clyde Stickney, And Roman Weil.
Your final portfolio for the class will be to create a marketing plan for the company of your choice. You will need to select a company that you have not used for your other assignments in the class.
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Sales reported on the income statements were $450,000. The accounts receivable balance increased $47,000 over the year. Determine the amount of cash received from customers.
Compute the optimum order sizes for pine and mahogany wood, separately, in terms of board feet per order. Igor tells you that if he can combine orders for both types of wood.
Journalize the transactions, assuming that the common stock and journalize the transactions, assuming that the common stock is no-par with a stated value of $0.50 per share.
Explain the circumstances when, and the amount at which, borrowing costs should be capitalized in accordance with IAS 23 - Prepare extracts from the statement of profit or loss and statement of financial position for the above machine for each of th..
Briefly discuss which division appears most successful and why. Assume a prospective project for Division X has operating income of $10,000, average operating assets of $60,000.
ABC limited sells its product at 3 rupees per unit. The company uses a First-In First-Out actual costing system. Prepare income statement based on: Absorption costing
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.
Sales for April were $2,188,400. Sales salaries were $120,000, shipping and import duties 130,000, advertising 75,000, and office salaries $37,000.
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