Question : 81. Ashland Inc. a manufacturer of small appliances. For which of : 1291742

 

81. Ashland Inc. is a manufacturer of small appliances. For which of the following activities would Ashland be more likely to use a static budget than a flexible budget? A. For planning the amount of direct materials that will need to be purchased in the upcoming year.B. For the evaluation of whether or not actual direct labor costs were reasonably close to budgeted direct labor costs.C. For the comparing the actual manufacturing overhead costs with the budgeted manufacturing overhead costs during the year.D. For the evaluation of whether or not employees made the most efficient use of their time.

 

82. Pellini Products Inc. is a manufacturer of paper products. For which of the following activities would Pellini be more likely to use a flexible budget than a static budget? A. For planning the quantity of direct materials that will be need to be purchased in the upcoming year.B. For planning the estimated cash receipts in the upcoming year.C. For estimating the number of direct labor hours employees will need to work in the upcoming year.D. For the evaluation of whether or not employees made the most efficient use of their time during the year.

 

83. Prior to the start of 2013, Bellamy Inc. estimated budgeted sales at 60,000 units. During 2013, 68,000 units were produced out of which 65,000 units were sold. How many units should Bellamy’s 2013 flexible sales budget be based upon? A. 65,000 unitsB. 71,000 unitsC. 60,000 unitsD. 66,500 units

 

84. Prior to the start of 2013, Proctor Inc. estimated budgeted sales at 225,000 units. At the start of 2013, there were 8,000 units in beginning finished goods. During 2013, 215,000 units were produced and 220,000 units were sold. How many units should Proctor’s 2013 flexible sales budget be based upon? A. 225,000 unitsB. 220,000 unitsC. 207,000 unitsD. 212,000 units

 

85. Vestal Products Inc. had the following information available for 2013: 

Budgeted sales for 2013

90,000 units

 

 

Units in beginning inventory (1/1/2013)

4,000 units

Units produced during 2013

100,000 units

Units in ending inventory (12/31/2013)

6,000 units

 

 

How many units should Vestal’s 2013 flexible sales budget be based upon? A. 96,000 unitsB. 102,000 unitsC. 98,000 unitsD. 90,000 units

 

86. Baker Inc., a local manufacturer of cooking tools, had the following information available for 2013: 

Budgeted sales for 2013

250,000 units

 

 

Units in beginning inventory (1/1/2013)

5,000 units

Units produced during 2013

265,000 units

Units in ending inventory (12/31/2013)

2,000 units

 

 

How many units should Baker’s 2013 flexible sales budget be based upon? A. 268,000 unitsB. 265,000 unitsC. 245,000 unitsD. 262,000 units

 

87. McCourt Inc. manufacturers a unique product. The company’s controller has prepared the following static budget for the month of February: 

Estimated production

300 units

Direct labor per unit

1 hour

Direct labor required for estimated production

300 hours

Average direct labor rate per hour

$     10

Estimated direct labor cost

$3,000

 

 

Actual production during February was 275 units and actual direct labor cost was $2,900.If McCourt prepares a flexible budget for February, the projected direct labor cost would be: A. $2,750B. $2,900C. $3,000D. $3,165

 

88. Camden Products Inc. manufacturers travel accessories. The company’s controller has prepared the following static budget of one of the product lines for the month of November: 

Estimated production

1,000 units

Direct labor per unit

12 minutes

Direct labor required for estimated production

200 hours

Average direct labor rate per hour

$       9

Estimated direct labor cost

$1,800

 

 

Actual production during November was 1,300 units and actual direct labor cost was $2,520.If Camden prepares a flexible budget for November, the projected direct labor cost would be: A. $1,800B. $2,520C. $2,340D. $1,938

 

89. Colorado Springs Ltd. produces and sells bottled water. The company’s controller has the following information available from the static budget of one of the product lines for the month of April: 

Estimated production

20,000 units

Direct material per unit

2 ounces

Direct material cost per unit

$.15 per ounce

 

 

Actual production during April was 18,000 units and actual direct materials cost was $6,300.If the company prepares a flexible budget for April, the projected direct materials cost would be: A. $7,000B. $6,300C. $5,400D. $6,000

 

90. Global Products produces and sells limited edition decorative plates. The company’s controller has the following information available from the static budget of one of the product lines for the month of April: 

Estimated production

2,000 units

Direct material per unit

10 ounces

Direct material cost per unit

$.25 per ounce

 

 

Actual production during April was 1,900 units and actual direct materials cost was $4,940.If the company prepares a flexible budget for April, the projected direct materials cost would be: A. $5,200B. $4,940C. $5,000D. $4,750

 

 

 

 

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