Question :
101. The Cardinal Company had a finished goods inventory of 55,000 : 1246874
101. The Cardinal 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 Cardinal 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
102. The Cardinal 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 Cardinal 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
103. The Cardinal 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 Cardinal 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
104. 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
105. Below is budgeted production and sales information for Bluebird 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
106. Below is budgeted production and sales information for Bluebird 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
107. 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
108. 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
109. 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, 2010, was expected to be $189,100; and work in progress inventory on December 31, 2010, is expected to be 197,600. What is the budgeted cost of goods manufactured? A. $649,450B. $657,950C. $197,600D. $1,044,650
110. 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, 2010, was expected to be $189,100; and work in progress inventory on December 31, 2010, is expected to be 197,600. What is the budgeted cost of goods manufactured? A. $662,950B. $671,450C. $654,450D. $1,049,650
