Catalogue companies are committed to selling at the prices printed in their catalogues. if a catalogue company finds its inventory of sweaters rising, what does that tell you about the demand for sweaters? was it unexpectedly high, unexpectedly low, or as expected? if the company could change the price of sweaters, would it raise the price, lower the price, or keep the price the same? given that the company cannot change the price of sweaters, consider the number of sweaters it orders each month from the company that makes its sweaters. if inventories become very high, will the catalogue company increase, decrease, or keep orders the same? given what the catalogue company does with its orders, what is likely to happen to employment and output at the sweater manufacturer? give reasons justifying your answers.

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?