Is a major department store chain. The dominant portion of the company’s business consists of providing merchandise and services to consumers through department stores and online. In a prior annual report, FederalWay reported cost of goods sold of $11,575 million, ending inventory for the current year of $3,264 million, and ending inventory for the previous year of $3,635 million. Required: Develop a reasonable estimate of the merchandise purchases for the year.

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.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?