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A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted:
April 252 202
May 326 254
June 401 334
July 351 302
August 376 336
September451 411
Problem a. Find the tracking signal for each month. (Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.)
What will the summary journal entry to record raw materials used look like? In January, Reyes Tool & Die requisitions raw materials for production
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Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control
Given sales revenue of $200,000, how can it be determined whether or not $200,000 cash was received from customers?
Prepare a spreadsheet using Excel or a similar program in which you compute the for each proposed location - Accounting rate of return on investment.
Management functions can be categorised as: planning, organising, leading, staffing and controlling (Monitoring). Define the staffing function
Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit. What is Swimkids's margin of safety
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Is Apple conisders a manufacturing company? would be an interesting one, as of when a company is considered manufacturing and when not.
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