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Barrington Bears (BB) has developed the subsequent sales forecasts for the next few months: January 500, February 600, March 720, April 800, and May 770. BB has 80 bears on hand on Dec. 31. Normal ending inventory policy is to hold 20 percent of next month's sales. Each bear needs .8 yards of fabric and two pounds of stuffing. Fabric is budgeted to cost $15 per yard and stuffing $4 per pound. Direct labor is paid $9 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month. Eighty yards of fabric and 100 pounds of stuffing were in stock at year-end. Ten percent and 25 percent of next month's stuffing and fabric needs correspondingly are planned for raw materials ending inventory each month. Evaluate what are budgeted conversion costs for January?
What type of inventory control system would you suggest to Jim Reed and Type of inventory control system
Prepare a pro forma balance sheet dated December 31, 2008 and show the financing changes suggested by the statement prepared in part A
Discuss how a company’s board of directors can impact the operational and financial performance of the company. Determine whether or not Triarc’s acquisition of Wendy’s through a stock swap was good for either company and state your rationale.
Carol owns 40% of CJ Partnership. The partnership reports $170,000 of revenue, $60,000 cost of goods sold, and $70,000 of other expenses that include $1,500 of doctor bills paid for Carol, a $2,000 charitable contribution, and a $5,000 Section 17..
average operating assets of $3,000,000. The company's minimum required rate of return is 10%. Illustrate what is the division's margin?
questionzoya arbiser regional manager of gold medal sports shops is analysis the results of 15 stores in her region.
the subsequent questions are based on the given data- direct materials standard 5 pounds per unit at 2 per pound-
In 2012, Johnson Corp. reported $8,000 of ordinary business income. How much of the $25,000 ordinary loss allocated to Parker clears the tax basis hurdle for destructibility in 2011?
identify which recognition criteria (separability and legal/contractual) may or may not apply in recognizing the intangible on the acquiring firm's financial statements.
The accounting records of Westcott Company revealed the following costs: Factory utilities $ 35,000, Wages of assembly-line personnel 170,000, Customer entertainment 45,000
Record the transactions in T accounts, prepare a trial balance for the end of the month.
evaluation of internal control criteria.for each of these five separate cases identify the principle of internal
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