Question : 81. The production budgets used to prepare which of the following : 1239551

 

 

81. The production budgets are used to prepare which of the following budgets. A. Operating expensesB. Direct materials purchases, direct labor cost, factory overhead costC. Sales in dollarsD. Sales in units

 

82. Principal components of a master budget include which of the following? A. Production budgetB. Sales budgetC. Capital expenditures budgetD. All of the above

 

83. The first budget customarily prepared as part of an entity’s master budget is the: A. production budgetB. cash budgetC. sales budgetD. direct materials purchases

 

84. Motorcycle Manufacturers, Inc. projected sales of 78,000 machines for 2012. The estimated January 1, 2012, inventory is 6,500 units, and the desired December 31, 2012, inventory is 7,000 units. What is the budgeted production (in units) for 2012? A. 77,500B. 71,000C. 78,500D. 71,500

 

85. The budget that needs to be completed first when preparing the master budget is the: A. Production BudgetB. Sales BudgetC. Cash BudgetD. Capital Expenditures Budget

 

86. Which of the following budgets is not directly associated with the production budget? A. Direct materials purchases budgetB. Factory overhead cost budgetC. Capital Expenditures budgetD. Direct labor cost budget

 

87. Below is budgeted production and sales information for Flushing Company for the month of December: 

 

Product XXX

Product ZZZ

Estimated beginning inventory

  32,000 units

  20,000 units

Desired ending inventory

  34,000 units

  17,000 units

Region I, anticipated sales

320,000 units

260,000 units

Region II, anticipated sales

180,000 units

140,000 units

 

 

 

The unit selling price for product XXX is $5 and for product ZZZ is $15. Budgeted sales for the month are: A. $3,180,000B. $5,820,000C. $1,800,000D. $8,500,000

 

88. Below is budgeted production and sales information for Flushing Company for the month of December: 

 

Product XXX

Product ZZZ

Estimated beginning inventory

  32,000 units

  20,000 units

Desired ending inventory

  34,000 units

  17,000 units

Region I, anticipated sales

320,000 units

260,000 units

Region II, anticipated sales

180,000 units

140,000 units

 

 

 

The unit selling price for product XXX is $5 and for product ZZZ is $15. Budgeted production for product XXX during the month is: A. 498,000 unitsB. 502,000 unitsC. 534,000 unitsD. 566,000 units

 

89. Below is budgeted production and sales information for Flushing Company for the month of December: 

 

Product XXX

Product ZZZ

Estimated beginning inventory

  32,000 units

  20,000 units

Desired ending inventory

  34,000 units

  17,000 units

Region I, anticipated sales

320,000 units

260,000 units

Region II, anticipated sales

180,000 units

140,000 units

 

 

 

The unit selling price for product XXX is $5 and for product ZZZ is $15. Budgeted production for product ZZZ during the month is: A. 403,000 unitsB. 380,000 unitsC. 397,000 unitsD. 417,000 units

 

90. Manicotti Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A   .50 lb. per unit @ $ .60 per poundMaterial B 1.00 lb. per unit @ $1.70 per poundMaterial C 1.20 lb. per unit @ $1.00 per poundThe dollar amount of direct material A used in production during the year is: A. $186,600B. $181,200C. $240,000D. $210,600

 

 

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