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Multiple Choice Question 98 The following information is taken from the production budget for the first...
The following information is taken from the production budget for the first quarter: Beginning inventory in...
The following information is taken from the production budget
for the first quarter:
Beginning inventory in units
1000
Sales budgeted for the quarter
346000
Capacity in units of production facility
392000
How many finished goods units should be produced during the quarter
if the company desires 3000 units available to start the next
quarter?
348000
394000
344000
349000
The following information is taken from the production budget for the first quarter: Beginning inventory in...
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1,200 Sales budgeted for the quarter 456,000 Capacity in units of production facility 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
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first...
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first quarter and that sales will increase by 9000 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...
Multiple Choice Question 98 The following information is available for Sheridan Company: Sales Cost of goods...
Multiple Choice Question 98 The following information is available for Sheridan Company: Sales Cost of goods sold $500000 320000 Total fixed expenses Total variable expenses $150000 260000 A CVP income statement would report contribution margin of $350000. gross profit of $240000. contribution margin of $240000. gross profit of $180000. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 142 The following monthly data are available for Waterway Industries which produces only one...
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1,...
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
43. The following information was taken from the production budget of Prevost Corporation for the next...
43. The following information was taken from the production budget of Prevost Corporation for the next quarter: February 142,000 30,000 March January 120,000 20,000 Units to be produced Desired ending inventory of finished goods 135,000 28,000 How many units is Prevost expecting to sell during February? 132,000 b. 140,000 144,000 d. 152,000 а. с. None of the above answers is correct. е.
Multiple Choice Question 64 Frazier Manufacturing Company collected the following production data for the past month:...
Multiple Choice Question 64 Frazier Manufacturing Company collected the following production data for the past month: Units Produced 1,600 1,300 1,500 1,100 Total Cost $66,000 57,000 67,500 49,500 If the high-low method is used, what is the monthly total cost equation? Total cost = $9,900 + $36/unit O Total cost = $16,500 + $30/unit Total cost = $13,200 + $33/unit Total cost = $0 + $45/unit Click if you would like to Show Work for this question: Open Show Work!
Exercise 22-09 Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production...
Exercise 22-09 Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Quarter arter Units Quarter 20,4803 25,450 Units 35,450 30,110 Each unit requires 1.70 hours of direct labor. Prepare a direct labor budget for 2020. Wage rates are expected to be $16 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 2 decimal places, e.g. 52.50.) RODRIQUEZ, INC....
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company is preparing its master budget...
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1.400.000 units. Quarterly sales are 184.254.24% and 32% respectively. The sales price is expected to be $40 per unit for the first three quarters and 546 per unit beginning in the fourth quarter Sales in the first quarter of...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units January February Units Month 10,100 March 8,100 April 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...
The following information is taken from the production budget
for the first quarter:
Beginning inventory in units
1000
Sales budgeted for the quarter
346000
Capacity in units of production facility
392000
How many finished goods units should be produced during the quarter
if the company desires 3000 units available to start the next
quarter?
348000
394000
344000
349000
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first quarter and that sales will increase by 9000 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...
Multiple Choice Question 98 The following information is available for Sheridan Company: Sales Cost of goods sold $500000 320000 Total fixed expenses Total variable expenses $150000 260000 A CVP income statement would report contribution margin of $350000. gross profit of $240000. contribution margin of $240000. gross profit of $180000. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 142 The following monthly data are available for Waterway Industries which produces only one...
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
43. The following information was taken from the production budget of Prevost Corporation for the next quarter: February 142,000 30,000 March January 120,000 20,000 Units to be produced Desired ending inventory of finished goods 135,000 28,000 How many units is Prevost expecting to sell during February? 132,000 b. 140,000 144,000 d. 152,000 а. с. None of the above answers is correct. е.
Multiple Choice Question 64 Frazier Manufacturing Company collected the following production data for the past month: Units Produced 1,600 1,300 1,500 1,100 Total Cost $66,000 57,000 67,500 49,500 If the high-low method is used, what is the monthly total cost equation? Total cost = $9,900 + $36/unit O Total cost = $16,500 + $30/unit Total cost = $13,200 + $33/unit Total cost = $0 + $45/unit Click if you would like to Show Work for this question: Open Show Work!
Exercise 22-09 Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Quarter arter Units Quarter 20,4803 25,450 Units 35,450 30,110 Each unit requires 1.70 hours of direct labor. Prepare a direct labor budget for 2020. Wage rates are expected to be $16 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 2 decimal places, e.g. 52.50.) RODRIQUEZ, INC....
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1.400.000 units. Quarterly sales are 184.254.24% and 32% respectively. The sales price is expected to be $40 per unit for the first three quarters and 546 per unit beginning in the fourth quarter Sales in the first quarter of...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units January February Units Month 10,100 March 8,100 April 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...
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