Question : 41. Robusto Coffee Traders Inc. sells prepackaged coffees to a variety : 1291754

 

41. Robusto Coffee Traders Inc. sells prepackaged coffees to a variety of businesses throughout the East Coast. Robusto purchases the coffee in bulk from a wholesale distributor and packages the coffee themselves to sell to customers. The company expects to sell 120,000 and 135,000 one-pound packages of coffee during 2012 and 2013, respectively. The company had 6,000 one-pound packages on hand at the beginning of 2012, and the company has a policy of maintaining an ending inventory equal to 5 percent of the packages needed for next year’s expected sales.How many packages of coffee should the company plan to purchase in 2012? A. 126,750B. 120,750C. 119,250D. 255,000

 

42. Woodsman Inc. produces a variety of wood finishing products including gallons of varnish that it manufactures and packages under its own name. The company has computed the required production of gallons of varnish it will need for the first three months of 2013 as follows: 

January

300,000 gallons

February

340,000 gallons

March

400,000 gallons

 

 

Each gallon of varnish requires 10 ounces of a special chemical. This chemical costs $.25 per ounce. The company has determined that it needs 20 percent of next month’s raw material needs on hand at the end of each month.The cost of the direct material that should be purchased in February is: A. $920,000B. $950,000C. $880,000D. $850,000

 

43. Crafty Cathy Products Inc. manufactures a product sold in most craft stores which requires non-soluble glue as one of the key ingredients. The company has already estimated that it needs to produce the following number of units of product for the second quarter of 2013: 

April

75,000 units

May

90,000 units

June

84,000 units

 

 

Each unit requires .5 ounces of glue at a cost of $.30 an ounce. The company has determined that it needs 15 percent of next month’s raw material needs on hand at the end of each month.The cost of the glue that should be purchased in May is: A. $13,365B. $13,500C. $15,390D. $13,635

 

44. Carteret Inc.Carteret Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks needs to be produced: 

April

6,000 units

May

10,000 units

June

15,000 units

 

 

Each unit requires 30 feet of cotton rope cord which costs $.50 per foot. The company has determined that it needs 20 percent of next month’s raw material needs on hand at the end of each month.In addition, each hammock requires 45 minutes of direct labor for assembly and inspection at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Refer to the Carteret Inc. information above. The cost of the rope cord that should be purchased in May is: A. $195,000B. $150,000C. $165,000D. $135,000

 

45. Carteret Inc.Carteret Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks needs to be produced: 

April

6,000 units

May

10,000 units

June

15,000 units

 

 

Each unit requires 30 feet of cotton rope cord which costs $.50 per foot. The company has determined that it needs 20 percent of next month’s raw material needs on hand at the end of each month.In addition, each hammock requires 45 minutes of direct labor for assembly and inspection at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Refer to the Carteret Inc. information above. The total cost of direct labor and manufacturing overhead for the month of May is: A. $192,500B. $  82,500C. $172,500D. $168,750

 

46. Sellars Inc. manufactures widgets. On June 30, the company had 2,000 widgets in inventory. The company’s policy is to maintain a widget ending inventory equal to 10% of next month’s sales. In addition, each widget manufactured requires 6 minutes of assembly and inspecting time at a cost of $.25 per minute.The company expects the following sales activity for the third quarter of the year: 

July

25,000 units

August

38,000 units

September

30,000 units

 

 

What is the projected direct labor cost for August? A. $55,800B. $57,000C. $61,500D. $58,200

 

47. Carson Products Inc. manufactures LEDs (light emitting diodes) for use in vehicles. On September 30, the company had 5,000 LED units in inventory. The company’s policy is to maintain a LED ending inventory equal to 25% of next month’s expected sales. In addition, each LED manufactured requires 2 minutes of assembly and inspecting time at a cost of $.30 per minute.The company expects the following sales activity for the fourth quarter of the year: 

October

90,000 units

November

100,000 units

December

80,000 units

 

 

What is the projected direct labor cost for November? A. $72,000B. $63,000C. $60,000D. $57,000

 

48. Grisham Products Inc. manufactures engines for small scooters. On September 30, the company had 1,050 engines in inventory. The company’s policy is to maintain an ending inventory equal to 15% of next month’s sales. Each engine manufactured requires 20 minutes of assembly and inspecting time at a cost of $1.50 per minute. Grisham applies overhead to engines at a rate of $2.50 per direct labor minute.The company expects the following sales activity for the fourth quarter of the year: 

October

7,000 units

November

14,750 units

December

28,900 units

 

 

What is the projected applied manufacturing overhead cost for November? A. $408,125B. $843,625C. $631,375D. $737,500

 

49. Which of the following statements regarding cash flows is true? A. Many managers consider cash flow budgets to be the least important of all the budgets.B. As long as accounting revenues exceed accounting expenses, cash flow budgets do not have to be prepared.C. It is possible for cash receipts to exceed revenues earned in a given month.D. As long as a manager is confident that there will eventually be a cash receipt from a customer, the timing of the cash receipt is not important.

 

50. The “Beginning cash balance” would most likely appear on which type of budget? A. Cash receipts budgetB. Summary cash budgetC. Sales budgetD. Cash disbursements budget

 

 

 

 

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