Question : 45.              The production requirements for May are: A)295,000 B)315,000 C)271,800 D)291,400 4 : 1369924

 

 

45.              The production requirements for May are:

A)295,000

B)315,000

C)271,800

D)291,400

 

46.              The production requirements for June are:

A)248,000

B)225,000

C)223,000

D)205,000

 

 

Use the following to answer questions 47-48:

 

Waterford Enterprises’ unit production was budgeted for the first six months of its fiscal year as follows:

 

March

32,000

 

June

34,500

April

37,500

 

July

45,500

May

41,000

 

August

40,000

 

 

 

 

 

Each unit of product requires 15 pounds of raw material and management wants to maintain an ending inventory of raw material equal to 12% of the next month’s production requirements.

 

 

47.              The direct materials purchases budget for May is:

A)603,300

B)615,000

C)677,100

D)750,900

48.              The direct materials purchases budget for June is:

A)517,500

B)537,300

C)599,400

D)661,500

 

Use the following to answer questions 49-55:

 

Hepburn Corporation’s sales price is $30 per unit.  Unit sales information is presented below:

 

 

March (Actual)

April (Estimated)

May (Estimated)

Cash sales

10,000

12,000

13,000

Credit sales

30,000

40,000

45,000

 

 

 

 

Management estimates that 2% of credit sales are uncollectible.  Of the remaining credit sales, 30 percent are collected in the month of sale and the remainder in the following month. The March 31 ending inventory is 5,500 units, and Hepburn wants to have 10% of the next month’s sales in ending finished goods inventory.

 

 

49.              What are Hepburn Corporation’s expected cash collections for April?

A)$2,725,000

B)$1,350,000

C)$1,560,000

D)$1,330,200

 

 

50.              How many units should Hepburn produce during April.

A)57,800

B)52,300

C)52,000

D)51,700

 

51.              Each finished unit requires 5 units of raw material and raw material can be purchased at $3 per unit.  Hepburn wants to have 15% of the next month’s needs in ending raw materials inventory.  The March 31, raw materials inventory is 40,000 units and Hepburn estimates May production at 58,000 units.  What amount should Hepburn budget for raw material purchases for April?

A)$912,750

B)$855,000

C)$790,500

D)$784,500

 

52.              Each finished unit requires 2 direct labor hours.  The average direct labor rate is $14 per hour. What amount should Hepburn budget for direct labor for April?

A)$1,596,000

B)$1,464,400

C)$   732,200

D)$   104,600

 

 

53.              Hepburn applies overhead at the rate of $10 for each machine hour. Each unit of finished goods requires 0.5 machine hours.  What amount should Hepburn budget for overhead for April?

A)$2,615,000

B)$   523,000

C)$   366,100

D)$   261,500

 

 

54.              Hepburn pays for direct labor and overhead as incurred.  It pays for 80 percent of raw material purchases during the month of purchase and the remainder during the next month.  Accounts payable on March 31, was $400,000.  What amount should Hepburn budget for cash payments for production costs during April?

A)$2,760,100

B)$2,600,100

C)$2,360,100

D)$1,725,900

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more