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Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest. As the second quarter is progressing it is important for the controller to establish budget for the third quarter. The sales department manager has provided the following forecast.
July8,000 desk combos
August8,700 desk combos
September 7,600 desk combos
October8,700 desk combos
November8,800 desk combos
Question 1: Using Microsoft Excel, provide a spreadsheet for the production and material purchases budget for the 3rd Quarter
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If the demand function for a good is P = 10 - Q and the firms total cost function, TC, is Q^2 + 6Q - 10 what level of output maximize profit?
Petzke Perfumes conversion costs for the month were - Manufacturing overhead is applied using normal costing at the rate of $36 per direct labour hour
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