Using the business idea you chose to develop, answer the questions below. TIP: Refer to the Section 8, Lesson 2 Choosing a Business Structure page to consider the pros and cons of each consideration.
a. How many business owners will there be?
b. Is liability protection important for this company? Why or why not?
c. how important is tax status? explain.
d. how important are company-funded benefits for the business owners?
e. is the organization providing a charitable or public service? if so, what is it? will the company still have a profit motive?
f. how much control do you want?
g. how much complication are you willing to put up with?

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

In a chapter 7 bankruptcy, a debtor:

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.