Question :
97. Comma Manufacturing budgets an annual basis for its fiscal : 1311834
97. Comma Manufacturing budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2012 to June 30, 2013:
June 30, 2013June 30, 2012
Raw Materials3,000 kilos2,000 kilos
Three kilos of raw materials are needed to produce each unit of finished product. If Comma Manufacturing plans to produce 560,000 units during the 2012-2013 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?
a.1,681,000
b.1,686,000
c.1,680,000
d.1,678,000
98. The following information is taken from the production budget for the first quarter:
Beginning inventory in units1,200
Sales budgeted for the quarter456,000
Production capacity in units 472,000
How many finished goods units should be produced during the quarter if the company desires 3,200 units available to start the next quarter?
a.458,000
b.454,000
c.474,000
d.459,200
99. Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
a.3,000.
b.9,000.
c.15,000.
d.27,000.
100.Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired ending inventories of direct material Z are 300,000 and 330,000 pounds, respectively. How many pounds of direct material Z must be purchased?
a.378,000.
b.396,000.
c.408,000.
d.426,000.
101.Haft Construction Company determines that 54,000 pounds of direct materials are needed for production in July. There are 3,200 pounds of direct materials on hand at July 1 and the desired ending inventory is 2,800 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?
a.158,400.
b.160,800.
c.163,200.
d.165,600.
102.Pell Manufacturing is preparing its direct labor budget for May. Projections for the month are that 33,400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May?
a.1,159,200.
b.1,180,800.
c.1,202,400.
d.1,296,000.
103.Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale.
Production in units for the third quarter should be budgeted at
a.220,500.
b.207,000.
c.274,500.
d.216,000.
104.Dolce Co. estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale.
Cash collections for the third quarter are budgeted at
a.$3,051,000.
b.$4,428,000.
c.$5,319,000.
d.$6,156,000.
105.Bear, Inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale.
Production in units for the third quarter should be budgeted at
a.245,000.
b.230,000.
c.305,000.
d.240,000.
106.Bear, Inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale.
Cash collections for the third quarter are budgeted at
a.$4,746,000.
b.$6,888,000.
c.$8,274,000.
d.$9,576,000.
