Filters
Question type

The desired ending inventory for August is:


A) 530 units
B) 670 units
C) 710 units
D) 370 units

E) All of the above
F) C) and D)

Correct Answer

verifed

verified

The manufacturing overhead budget of Reigle Corporation is based on budgeted direct labor-hours.The February direct labor budget indicates that 5,800 direct labor-hours will be required in that month.The variable overhead rate is $4.60 per direct labor-hour.The company's budgeted fixed manufacturing overhead is $82,360 per month, which includes depreciation of $16,820.All other fixed manufacturing overhead costs represent current cash flows. Required: a.Determine the cash disbursements for manufacturing overhead for February.Show your work! b.Determine the predetermined overhead rate for February.Show your work!

Correct Answer

verifed

verified

blured image_TB2627_00...

View Answer

Arciba Inc.bases its manufacturing overhead budget on budgeted direct labor-hours.The direct labor budget indicates that 7,400 direct labor-hours will be required in January.The variable overhead rate is $9.50 per direct labor-hour.The company's budgeted fixed manufacturing overhead is $130,980 per month, which includes depreciation of $10,360.All other fixed manufacturing overhead costs represent current cash flows.The company recomputes its predetermined overhead rate every month.The predetermined overhead rate for January should be:


A) $27.20
B) $25.80
C) $17.70
D) $9.50

E) All of the above
F) B) and C)

Correct Answer

verifed

verified

The production budget is typically prepared before the direct materials budget.

A) True
B) False

Correct Answer

verifed

verified

Gusler Corporation makes one product and has provided the following information: Gusler Corporation makes one product and has provided the following information:   The estimated cost of goods sold for May is closest to: A) $807,500 B) $256,500 C) $646,000 D) $551,000 The estimated cost of goods sold for May is closest to:


A) $807,500
B) $256,500
C) $646,000
D) $551,000

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

If 41,920 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to:


A) $57,056
B) $43,712
C) $44,480
D) $70,400

E) A) and D)
F) B) and C)

Correct Answer

verifed

verified

The estimated unit product cost is closest to:


A) $20.80
B) $87.80
C) $79.80
D) $100.60

E) C) and D)
F) B) and C)

Correct Answer

verifed

verified

The estimated selling and administrative expense for August is closest to:


A) $70,000
B) $57,970
C) $16,950
D) $86,950

E) A) and D)
F) All of the above

Correct Answer

verifed

verified

The budgeted sales for February is closest to:


A) $1,474,400
B) $1,290,100
C) $1,164,000
D) $970,000

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Sill Corporation makes one product.Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively.The ending finished goods inventory equals 20% of the following month's sales.The ending raw materials inventory equals 40% of the following month's raw materials production needs.Each unit of finished goods requires 5 pounds of raw materials.If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:


A) 58,900 pounds
B) 104,900 pounds
C) 57,500 pounds
D) 81,900 pounds

E) None of the above
F) C) and D)

Correct Answer

verifed

verified

When preparing a direct materials budget, the required purchases of raw materials in units equals:


A) raw materials needed to meet the production schedule + desired ending inventory of raw materials ? beginning inventory of raw materials.
B) raw materials needed to meet the production schedule ? desired ending inventory of raw materials ? beginning inventory of raw materials.
C) raw materials needed to meet the production schedule ? desired ending inventory of raw materials + beginning inventory of raw materials.
D) raw materials needed to meet the production schedule + desired ending inventory of raw materials + beginning inventory of raw materials.

E) All of the above
F) A) and B)

Correct Answer

verifed

verified

The estimated direct labor cost for February is closest to:


A) $253,460
B) $456,000
C) $658,996
D) $28,652

E) C) and D)
F) A) and B)

Correct Answer

verifed

verified

Retained earnings at the end of December would be:


A) $289,600
B) $296,000
C) $236,400
D) $203,500

E) B) and D)
F) A) and C)

Correct Answer

verifed

verified

If the company has budgeted to sell 12,000 Yutes in December, then the budgeted total cash disbursements for selling and administrative expenses for December would be:


A) $237,000
B) $485,400
C) $248,400
D) $478,400

E) C) and D)
F) All of the above

Correct Answer

verifed

verified

If the company estimates that it will need 55,480 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to:


A) $55,108
B) $50,152
C) $4,956
D) $5,548

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

The desired beginning inventory for June is:


A) $42,000
B) $35,000
C) $50,000
D) $38,000

E) None of the above
F) A) and B)

Correct Answer

verifed

verified

The BRS Corporation makes collections on sales according to the following schedule: The BRS Corporation makes collections on sales according to the following schedule:   The following sales have been budgeted:   Budgeted cash collections in June would be: A) $137,000 B) $85,000 C) $45,000 D) $123,000 The following sales have been budgeted: The BRS Corporation makes collections on sales according to the following schedule:   The following sales have been budgeted:   Budgeted cash collections in June would be: A) $137,000 B) $85,000 C) $45,000 D) $123,000 Budgeted cash collections in June would be:


A) $137,000
B) $85,000
C) $45,000
D) $123,000

E) B) and C)
F) B) and D)

Correct Answer

verifed

verified

The direct labor budget begins with the required production in units from the production budget.

A) True
B) False

Correct Answer

verifed

verified

The estimated finished goods inventory balance at the end of May is closest to:


A) $102,676
B) $111,986
C) $26,999
D) $129,675

E) A) and D)
F) C) and D)

Correct Answer

verifed

verified

The estimated finished goods inventory balance at the end of February is closest to:


A) $335,160
B) $245,385
C) $281,295
D) $89,775

E) A) and B)
F) All of the above

Correct Answer

verifed

verified

Showing 141 - 160 of 236

Related Exams

Show Answer