EBK AUDITING: A RISK BASED-APPROACH
EBK AUDITING: A RISK BASED-APPROACH
11th Edition
ISBN: 9781337670203
Author: RITTENBERG
Publisher: YUZU
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Chapter 8, Problem 36RQSC
To determine

Introduction: Data mining refer to sorting through large data sets available to get the precise and exact information as needed and to identify patters, predict trends and establish relationship to solve problem through data analytics.

To Discuss: The four phases of data mining.

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Aerotrino produces and sells popular t-shirts. Following is information about its t-shirts for 2014: Selling price $15.00 per t-shirt Variable costs: Production (manufacturing costs) - $3.50 per t-shirt Selling & administration - $1.00 per t-shirt Fixed costs: Production (manufacturing costs) - $1,000,000 per year Selling & administration - $2,000,000 per year During 2014, the company produced 400,000 t-shirts and sold 350,000 of them. Assume that there was no beginning inventory. How much is the net income under variable costing?
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ANSWER THIS GENERAL ACCOUNTING PROBLEM

Chapter 8 Solutions

EBK AUDITING: A RISK BASED-APPROACH

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