Question :
101. Below budgeted production and sales information for Starlink Company for : 1233861
101. 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 ZZZ during the month is: A. 460,000 unitsB. 475,000 unitsC. 457,000 unitsD. 463,000 units
102. Production and sales estimates for June are as follows:
Estimated inventory (units), June 1
16,000
Desired inventory (units), June 30
18,000
Expected sales volume (units):
Area X
4,000
Area Y
6,000
Area Z
5,500
Unit sales price
$20
The number of units expected to be manufactured in June is: A. 15,500B. 17,500C. 16,500D. 13,500
103. If the expected sales volume for the current period is 9,000 units, the desired ending inventory is 200 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. 9,000B. 8,900C. 8,700D. 9,100
104. Consider the following budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory January 1, 2008, was expected to be $189,100; and work in progress inventory on December 31, 2008, is expected to be 197,600. What is the budgeted cost of goods manufactured? A. $649,450B. $657,950C. $197,600D. $1,044,650
105. Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory January 1, 2008, was expected to be $189,100; and work in progress inventory on December 31, 2008, is expected to be 197,600. What is the budgeted cost of goods manufactured? A. $662,950B. $671,450C. $654,450D. $1,049,650
106. The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2008 are as follows: January 1 finished goods, $765,000; December 31 finished goods, $540,000; cost of goods sold for the year, $2,560,000. The budgeted costs of goods manufactured for the year is? A. $1,255,000B. $2,335,000C. $2,785,000D. $3100,000
107. The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2008 are as follows: January 1 finished goods, $765,000; December 31 finished goods, $640,000; cost of goods sold for the year, $2,560,000. The budgeted costs of goods manufactured for the year is? A. $1,405,000B. $2,560,000C. $2,435,000D. $3,965,000
108. The Dandy Jeans Company produces two different types of jeans. One is called the “Simple Life” and the other is called the “Fancy Life” The company’s Production Budget requires 353,500 units of Simple jeans and 196,000 Fancy jeans to be manufactured. It is estimated that 2.5 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.75 hours of direct labor hours for each pair of Fancy life jeans. What is the total number of direct labor hours needed for both lines of jeans? A. 883,750 direct labor hoursB. 1,618,750 direct labor hoursC. 735,000 direct labor hoursD. 353,500 direct labor hours
109. The Dandy Jeans Company produces two different types of jeans. One is called the “Simple Life” and the other is called the “Fancy Life” The company’s Production Budget requires 353,500 units of Simple jeans and 196,000 Fancy jeans to be manufactured. It is estimated that 2.5 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.75 hours of direct labor hours for each pair of Fancy life jeans. What is the total number of direct labor hours needed for both lines of jeans? A. 900,000 direct labor hoursB. 1,631,250 direct labor hoursC. 731,250 direct labor hoursD. 355,000 direct labor hours
110. O’Neill Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. O’Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are: A. $812,000B. $688,000C. $468,000D. $984,000
