Fairview Industries is preparing its aggregate plan for the second half of the year.The table below contains monthly demand estimates and working days per month.Complete the table by computing total demand,demand per day (for each month),and the average requirement (in units per day)over the six-month planning horizon.Prepare a graph of forecast demand and level production,by months,for the planning period.Label your graph carefully.
Definitions:
Income Summary
An account used to summarize the revenue and expenses for a specific period, aiding in the transition to the next accounting period.
Net Loss
The amount by which total expenses exceed total revenues in a given period, indicating a financial loss.
Net Income
A company's total earnings post the subtraction of all expenses, taxes, and costs from its overall revenue.
Owner's Capital
This represents the total equity invested by the owners in a company plus any retained earnings, indicative of the net worth of the company from the owner's perspective.
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