Question

answer with details or by law

4. Yerkey Corporation makes one product and has provided the following information to help prepare the master budget: 10,700 units 2.00 per unit sold $ 60,000 per month Budgeted unit sales, February Variable selling and administrative expense Fixed selling and administrative expense The estimated selling and administrative expense for February is closest to: A) S81,400 B) $21,400 C) $54,270 D) $60,000 5. Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses 210,000 136,500 73,500 67,200 Contribution margin Fixed expenses Net operating income 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to: A) 42,000 units B) 16,400 units C) 35,000 units D) 9,400 units Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total 3188,000. The desired ending cash balance is $30,000. 6. The excess (deficiency) of cash available over disbursements for January is: A) $23,000 B) S13,000 C) ($5,000) D) $201,000

Answer 1

4. B)$211400 calculation Budget Unit sales, February - 10,700 Units Variable selling and admistrative fxpenses - $ a peren Sold . Estimated selling and administrative Expenses for February = - [ Budget Onits soles x Variable selling and adminskakive) Expense pelunit $2 101700 units X $ 21400 5. D) 9,400 units Calculation = $ 30 per unit = Selling per unit r 7000 $19.6 Vanable expense per unit : 436,500 7000 Contribution Selling parce per unit variable expenses per unit Per unit = $30 - 1995 contribution per unit $ 10.5 per unit I contribution - Fixed cost + profit (target) 67200 + 311500 contribution = $ 98100 nolmber of unit Sold - 981700 = aume 10.5 quoo united

6. B) $13,000 calculation Budgeted beginning cash balance of January = $18,000 Budgeted cash receipts dusing January = $ 183,000 Total cash avaliable Budgeted cash disbursements of January $201.000 $ 188,000 – $13,000 The excess of cash avaliable over disbursements for janualy is