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Furniture Company The Furniture Company manufactures customized wood furniture and sells the furniture in large quantities to major furniture retailers. Mr. A has recently been assigned to analyze the company's pricing policy. He has been told that quantity discounts were usually given. For example, for one type of chair, the pricing changed at quantities of 200 and 400¬that is, these were the quantity "breaks," where the marginal cost of the next chair changed. For this type of chair, the file furniture.xls contains the quantity and total price to the customer for 81 orders. Use regression to help Mr. A discover the pricing structure that furniture company evidently used.
Why are the Generally Accepted Accounting Principles (USA) and the International Standards (Europe) so important in today's business world?
The following costs are included in a recent summary of data for a company: advertising expense, $100,000; depreciation expense - factory building, $148,000; direct labor, $265,000; direct material used, $315,000; factory utilities, $120,000; and sal..
Prepare the correcting entry necessary when these errors are discovered. Assume that the books for 2011 are closed. (Ignore income tax considerations.) (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
On January 2, year 3, to better reflect the variable use of its only machine, Flip, Inc. elected to change its method of depreciation from the straight-line method to the units of production method. The original cost of the machine on January 2, year..
Compute the depreciation expense, rent revenue, interest expense, insurance expense and supplies expense recognized during the first quarter
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Evaluate the equivalent units of product for (1) materials and (2) conversion cost for each month and calculate the physical units for January and May.
What is the total cost of the ending inventory according to FIFO and LIFO
Prepare a memorandum setting out, with full supporting reasons and reference to relevant provisions of the Income Tax Act, the potential taxation consequences arising from the proposed transaction from the perspectives of both ART (Pty) Ltd and RK..
Bank-Reconciliation-Statement - Purpose a bank reconciliation for December, 2009.
Do you think it is important to separate the evaluation of the performance of a subsidiary from that of its manager? Why? What are the main issues that need to be considered in designing and implementing a successful performance evaluation system for..
What does the Consolidated Statements of Earnings-the income statement-tell you about the company? Why is this statement important? What business decisions could be made using the income statement?
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