1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $1...
1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $10,910, budgeted purchases should be:
Multiple Choice
-
$1,230
-
$1,960
-
$12,140
-
$9,680
-
$730
2.Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's unit sales are expected to grow by 4%. The product selling price is $20 per unit. The expected total sales dollars for September's sales budget are:
Multiple Choice
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$100,000.
-
$96,000.
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$104,000.
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$108,000.
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$5,200.
3 Question -Flagstaff Company has budgeted production units of 9,300 for July and 9,500 for August. The direct materials requirement per unit is 2 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units of budgeted production in the following month. There was 5,580 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.20 per ounce, is:
Multiple Choice
-
$22,464.
-
$29,160.
-
$15,624.
-
$22,176.
-
$22,320.
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1.If budgeted beginning inventory is $8,950, budgeted ending inventory is $10,180, and budgeted cost of goods sold is $1...
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct...
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following 13 month. There was 7,350 ounces of direct material in inventory at the start of July. The total cost of direct materials...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units budgeted in the following month. There was 8,100 ounces of direct material in inventory at the start of July. The total amount of direct materials in ounces, to...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 320 360 380 320 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales. March 31 Finished Goods inventory is 128 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 280 pounds of direct material B. Each...
If budgeted beginning inventory is $8,850, budgeted ending inventory is $10,060, and budgeted cost of goods...
If budgeted beginning inventory is $8,850, budgeted ending inventory is $10,060, and budgeted cost of goods sold is $10,810, budgeted purchases should be Multiple Choice Ο Ο Ο Ο Ο
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct...
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per...
Flagstaff Company has budgeted production units of 9,200 for July and 9,400 for August. The direct labor requirement per unit is 0.40 hours. Labor is paid at the rate of $19 per hour. The total cost of direct labor for the month of August is: Multiple Choice $69,920. $3,760. $71,440. $3,680. $141,360.
Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July...
Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of material costs $8 in June,...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
A company has the following annual budget data: Beginning finished goods inventory 41,000 units Sales 71,000...
A company has the following annual budget data: Beginning finished goods inventory 41,000 units Sales 71,000 units Ending finished goods inventory 31,000 units Direct materials $ 12 per unit Direct labor $ 22 per unit Variable factory overhead $ 6 per unit Selling costs $ 3 per unit Fixed factory overhead $ 81,000 What are total budgeted production costs for the year? (CIA adapted) Multiple Choice $2,521,000. $2,582,000. $2,663,000. $2,440,000.
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following 13 month. There was 7,350 ounces of direct material in inventory at the start of July. The total cost of direct materials...
Flagstaff Company has budgeted production units of 9,000 for July and 9,200 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units budgeted in the following month. There was 8,100 ounces of direct material in inventory at the start of July. The total amount of direct materials in ounces, to...
If budgeted beginning inventory is $8,850, budgeted ending inventory is $10,060, and budgeted cost of goods sold is $10,810, budgeted purchases should be Multiple Choice Ο Ο Ο Ο Ο
Flagstaff Company has budgeted production units of 9,600 for July and 9,800 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $23 per hour. The total cost of direct labor for the month of August is: Multiple Choice $110,400 $4,900 $112,700 $4,800. $223,100
Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of material costs $8 in June,...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
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