Production cost is $20 per knit garment and the garments are sold for a wholesale price of $50. Any unsold knit garment at the end of the season is salvaged at $10. Introducing postponement requires flexible machinery and hence, increases the cost to $22. The demand, however, now has one dominant color:
red-color shirts have the mean of 3,100 and the standard deviation of 800.
Other three colors:
mean demand is 300 each, and the standard deviation is 200 for each colored shirt.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Which of the following would be an accurate statement about achieving a balanced budget