Question : 58.Which of the following budgets not an operating budget? A. Sales budget. B. Cash : 1258664

58.Which of the following budgets is not an operating budget?   

A. Sales budget.

B. Cash budget.

C. General and administrative expense budget.

D. Selling expenses budget.

E. Merchandise purchases.

59.A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is:   

A. Traditional budgeting.

B. Management budgeting.

C. Master budgeting.

D. Activity-based budgeting.

E. Cash budgeting.

60.A plan that lists the types and amounts of operating expenses expected that are not included in the selling expenses budget is a:   

A. General and administrative expense budget.

B. Sales budget.

C. Cash payments budget.

D. Overhead budget.

E. Selling expense budget.

61.Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:    

A. $187,177

B. $166,400

C. $179,978

D. $173,056

E. $160,000

62.Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:   

A. 10,000

B. 11,249

C. 10,400

D. 10,816

E. 11,000

63.A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The management forecasts 2% growth in sales each month. Total July sales are anticipated to be:   

A. $63,000.

B. $67,500.

C. $61,250.

D. $64,260.

E. $60,000.

6,000 * $10.50 = $63,000

64.Bengal Co. provides the following sales forecast for the next three months: 

JulyAugustSeptember

Sales units5,0005,7005,560

The company wants to end each month with ending finished goods inventory equal to 25% of the next month’s sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for July are:  A. 6,250 units.

B. 3,750 units.

C. 6,425 units.

D. 2,500 units.

E. 5,175 units.

65.Bengal Co. provides the following sales forecast for the next three months: 

JulyAugustSeptember

Sales units5,0005,7005,560

The company wants to end each month with ending finished goods inventory equal to 25% of the next month’s sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for August are:    

A. 6,950 units.

B. 4,310 units.

C. 7,090 units.

D. 5,665 units.

E. 4,135 units.

66.A plan that lists dollar amounts to be received from disposing of plant assets and dollar amounts to be spent on purchasing additional plant assets is called a:    

A. Cash budget.

B. Capital expenditures budget.

C. Rolling budget.

D. Sales budget.

E. Production budget.

67.Flack Corporation provides the following information for its December budgeting process: The November 30 inventory was 1,800 units. Budgeted sales for December are 4,000 units. Desired December 31 inventory is 2,840 units. Budgeted purchases are:    

A. 5,040 units.

B. 1,240 units.

C. 6,840 units.

D. 4,000 units.

E. 5,800 units.