Question : 81. The production budgets used to prepare which of the following : 1251647

 

81. The production budgets are used to prepare which of the following budgets? 
A. Operating expenses
B. Direct materials purchases, direct labor cost, factory overhead cost
C. Sales in dollars
D. Sales in units

82. Principal components of a master budget include which of the following? 
A. Production budget
B. Sales budget
C. Capital expenditures budget
D. All of the above

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

84. Motorcycle Manufacturers, Inc. projected sales of 76,000 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. 75,500
B. 66,000
C. 76,500
D. 65,000

85. The budget that needs to be completed first when preparing the master budget is the: 
A. Production Budget
B. Sales Budget
C. Cash Budget
D. Capital Expenditures Budget

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

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

Product XXXProduct ZZZ

Estimated beginning inventory30,000 units18,000 units

Desired ending inventory34,000 units17,000 units

Region I, anticipated sales320,000 units260,000 units

Region II, anticipated sales180,000 units140,000 units

The unit selling price for product XXX is $6 and for product ZZZ is $15.

Budgeted sales for the month are: 
A. $2,040,000
B. $4,680,000
C. $6,692,000
D. $9,000,000

 

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

Product XXXProduct ZZZ

Estimated beginning inventory30,000 units18,000 units

Desired ending inventory34,000 units17,000 units

Region I, anticipated sales320,000 units260,000 units

Region II, anticipated sales180,000 units140,000 units

The unit selling price for product XXX is $6 and for product ZZZ is $15.

Budgeted production for product XXX during the month is: 
A. 496,000 units
B. 504,000 units
C. 542,000 units
D. 572,000 units

 

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

Product XXXProduct ZZZ

Estimated beginning inventory30,000 units18,000 units

Desired ending inventory34,000 units17,000 units

Region I, anticipated sales320,000 units260,000 units

Region II, anticipated sales180,000 units140,000 units

The unit selling price for product XXX is $6 and for product ZZZ is $15.

Budgeted production for product ZZZ during the month is: 
A. 403,000 units
B. 390,000 units
C. 399,000 units
D. 423,000 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 pound
Material B 1.00 lb. per unit @ $1.70 per pound
Material C 1.20 lb. per unit @ $1.00 per pound

The dollar amount of direct material A used in production during the year is: 
A. $186,600
B. $181,200
C. $240,000
D. $210,600

 

 

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