Question : 91. Production and sales estimates for April as follows: Estimated inventory (units), : 1233860

 

91. Production and sales estimates for April are as follows: 

Estimated inventory (units), April 1

9,000

Desired inventory (units), April 30

8,000

Expected sales volume (units):

 

  Area A

3,500

  Area B

4,750

  Area C

4,250

Unit sales price

$20

 

 

The budgeted total sales for April is: A. $200,000B. $230,000C. $270,000D. $250,000

92. If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the current period, is: A. 6,900B. 7,000C. 7,200D. 7,100

93. Production estimates for July are as follows: 

Estimated inventory (units), July 1

8,500

Desired inventory (units), July 31

10,500

Expected sales volume (units), July

76,000

 

 

For each unit produced, the direct materials requirements are as follows: 

Direct material A ($5 per lb.)

3 lbs.

Direct material B ($18 per lb.)

1/2 lb.

 

 

The number of pounds of materials A and B required for July production is: A. 216,000 lbs. of A; 36,000 lbs. of BB. 216,000 lbs. of A; 72,000 lbs. of BC. 234,000 lbs. of A; 39,000 lbs. of BD. 225,000 lbs. of A; 37,500 lbs. of B

94. Production estimates for July are as follows: 

Estimated inventory (units), July 1

8,500

Desired inventory (units), July 31

10,500

Expected sales volume (units), July

76,000

 

 

For each unit produced, the direct materials requirements are as follows: 

Direct material A ($5 per lb.)

3 lbs.

Direct material B ($18 per lb.)

1/2 lb.

 

 

The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July production is: A. $1,080,000 for A; $648,000 for BB. $1,080,000 for A; $1,296,000 for BC. $1,170,000 for A; $702,000 for BD. $1,125,000 for A; $675,000 for B

95. The Martin Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January – 200,000 units; February – 180,000 units; March – 210,000 units; and April – 230,000 units. The Martin Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What should the budgeted production be for January? A. 236,000B. 181,000C. 200,000D. 219,000

96. The Martin Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January – 200,000 units; February – 180,000 units; March – 210,000 units; and April – 230,000 units. The Martin Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What would be the budgeted production for February? A. 186,000B. 181,000C. 222,000D. 174,000

97. The Martin Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January – 200,000 units; February – 180,000 units; March – 210,000 units; and April – 230,000 units. The Martin Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What would be the budgeted production for March? A. 256,000B. 206,000C. 214,000D. 298,000

98. The Martin Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January – 200,000 units; February – 180,000 units; March – 210,000 units; and April – 230,000 units. The Martin Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What would be the budgeted inventory for March 31st? A. 46,000B. 36,000C. Cannot be determined from the data givenD. 42,000

99. The budget that summarizes future plans for the acquisition of fixed assets is the: A. direct materials purchases budgetB. production budgetC. sales budgetD. capital expenditures budget

100. Below is budgeted production and sales information for Starlink Company for the month of December: 

 

Product XXX

Product ZZZ

Estimated beginning inventory

  30,000 units

  18,000 units

Desired ending inventory

  32,000 units

  15,000 units

Anticipated sales

520,000 units

460,000 units

 

 

 

The unit selling price for product XXX is $5 and for product ZZZ is $14. Budgeted production for product XXX during the month is: A. 522,000 unitsB. 552,000 unitsC. 518,000 unitsD. 520,000 units

 

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