111. Kyoto’s budgeted production for the second quarter is:
A. 820 units
B. 864units
C. 492 units
D. 449 units
E. 878 units
112. If each unit of Kyoto’s product takes two hours to produce and the labor rate is expected to be $10 per hour, what is the budgeted labor cost for May?
A. $4,000
B. $4,240
C. $5,360
D. $5,600
E. $5,840
113. If each unit of Kyoto’s product takes two hours to produce and the labor rate is expected to be $10 per hour, what is the budgeted labor cost for the second quarter?
A. $16,400
B. $17,280
C. $9,840
D. $8,960
E. $17,560
114. The budgeted purchases of pounds of raw material B during May should be:
A. 1,418 pounds
B. 1,460 pounds
C. 1,502 pounds
D. 264 pounds
E. 283 pounds
115. A company’s data is presented below. Desired ending inventory is a consistent percentage of the next quarter’s sales and the previous year's fourth quarter ending inventory of 560 units meets this requirement. Compute the expected production in the third quarter of the current year.
Quarter
|
1
|
2
|
3
|
4
|
Expected sales units
|
7,000
|
5,000
|
8,000
|
6,000
|
Units produced
|
6,840
|
?
|
?
|
?
|
A. 7,840
B. 8,160
C. 8,000
D. 8,480
E. 7,360
116. Big Company manufactures keyboards. Management wishes to develop budgets for the upcoming quarter based on the following data:
Sales in units
|
|
800 units
|
Selling price per unit
|
|
$60
|
Inventory at beginning of the quarter (FG)
|
80 units
|
Desired ending inventory (FG)
|
130 units
|
Direct materials per unit:
|
|
4 ounces plastic
|
Plastic inventory at beginning of quarter
|
136 ounces
|
Desired ending inventory of plastic
|
84 ounces
|
Plastic cost
|
$.18 per ounce
|
|
|
|
Compute the budgeted quantity of plastic that needs to be purchased for the next quarter.
A. 850 ounces
B. 3,348 ounces
C. 3,452 ounces
D. 798 ounces
E. 902 ounces
117. Blaircraft Company manufactures a product that requires five pounds of raw material for each unit produced. For the next year, beginning inventory of raw materials is 8,000 pounds. The raw materials inventory at the end of each quarter should be 15% of the next quarter’s raw materials needed for production. Given the projected production in units below, what is the quantity of raw materials that needs to be purchased for the third quarter?
Quarter
|
1
|
2
|
3
|
4
|
Expected production Units
|
7,000
|
5,000
|
8,000
|
6,000
|
A. 41,500 pounds
B. 40,000 pounds
C. 38,500 pounds
D. 7,7000 pounds
E. 8,300 pounds