Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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Chapter 7, Problem 22E

(a)

To determine

Recognize the errors in the bank reconciliation.

(b)

To determine

Prepare a New bank reconciliation for P Co. 

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29) As part of his job as cost analyst, John Kelly collected the following information concerning the operations of the Machining Department: Observation Machine-hours Total Operating Costs January 4,700 $43,000 February 5,060 45,395 March 4,180 42,535 April 4,500 43,600 May 4,250 42,890 Required: a. Use regression analysis to estimate the cost function with machine-hours as the cost driver. b. If June's estimated machine-hours are 4,300, calculate the total estimated costs of the Machining Department?
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