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Problem 1: Submit to Dropbox in one Word document together with problem 1-8. Assess decision-making approaches to forecasting results using different techniques. Compare results. Problem 2-21 (Essay) Details Bob Jones owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and yearend holidays and light demand at other times. Bob has gathered the following cost information from the past year:
month labor hrs overhead costs
January 2500 55000
February 2800 59000
March 3000 60000
April 4200 64000
May 4500 67000
June 5500 71000
July 6500 74000
August 7500 77000
September 7000 75000
October 4500 68000
November 3100 62000
December 6500 73000
Total 57600 805000
Bob recently attended a meeting of the local Chamber of Commerce, at which he heard an accounting professor discuss regression analysis and its business applications. After the meeting, Bob enlisted the professor's assistance in preparing a regression analysis of the overhead data he collected. This analysis yielded an estimated fixed cost of $48,000 per month and a variable cost of $4 per labor hour. Why do these estimates differ from estimates using the high-low method?
Prepare a sales budget with columns for each region and for the company in total for the month of June.
Aspen Co. expects to maintain the same inventories at the end of 2008 as at the beginnign of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various depart..
Which of the three competitors is in the strongest position as shown by its statement of cash flows?
Prepare journal entries to record the October transactions in the General Journal below. Remember that Debits must equal Credits-All of your Journal Entries should balance - Prepare a trial balance for October
michaels plumbing company has the following transactions for the yeardecember 1 ndash issued capital stock for 50000 to
On January 23, 2011, a strike was called at one of Coburn's largest plants, which halted 30% of its production. As of today (February 13) the strike has not been settled.
In what two ways, based on the number of shares transacted, do brokers typically charge for executing transactions? How are online transaction fees structured.
ACCT 4314 - Inventory Observation Assignment. Prepare an audit program (matrix) for the Picnic Table asset group: Include key assertions pertaining to traditional inventory asset accounts. Describe the account assertions as they pertain specifically..
Determine the amount of foreign earned income Horace Gardner included in his calculation of U.S. taxable income for the year 2011.
xyz corporation makes two products from a common input. joint processing costs up to the split-off point total 33600 a
Prepare an investment analysis at date of acquisition, Adams issues 20,000 shares of common stock
Determine the balance sheet carrying value of SLR's inventory assuming that the LCM rule is applied to individual products. What is the before-tax income effect of the LCM adjustment?
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