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Problem 1: A technical college department head must plan the course offerings for the next term. Student demands make it necessary to offer at least 20 core courses (each of which counts for 3 credit hours) and 20 elective courses (each of which counts for 4 credit hours) in the term. Faculty contracts dictate that a total of at least 60 core and elective courses and at least 205 total credit hours be offered. Each core course taught costs the college an average of $2,600 in faculty salaries and each elective course costs $3,000. How many each of core and elective courses should be scheduled so that total faculty salaries are kept to a minimum?
Prepare the budgets at 70% and 80% levels of capacity utilization giving clearly the Total Cost under various heads at all the levels
Calculate the expected return on investment for each of the alternative courses of action. The Burger Division of Good Meat Company reported
Construct journal entries to record the incurrence of production costs, completion of job number A26 and the shipment of 900 cuddly koalas
Explain the concepts of responsibility accounting and performance evaluation. How can these be used by a firm to improve their performance?
Marlys, Using the market price as the transfer price, determine the contribution margins for the both divisions for the last fiscal year.
What would be the profit of a new entrant if the subsidy is eliminated and Barnacle continues to produce the monopoly level of output?
Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs
Using the weighted average method, calculate the equivalent units for July. Calculate the unit cost for July. Assign costs to units transferred out and EWIP.
Of the $61 of overhead, $12 is variable and $49 relates to fixed costs. What will be the real effect on profit if the order is accepted
Work in process at the end of the period totaled $60,000. What the journal entry to record the flow of costs into Department 2 for applied overhead
What The net present value of the investment, assuming 7% cost of capital is? The projected net cash flows for an investment are
Should Wood Chuck make or buy the cushions? Show calculations. Note: please explain in detailed how to get the answer
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