81.The first budget customarily prepared as part of an entity's master budget is the
a.production budget
b.cash budget
c.sales budget
d.direct materials purchases
82.Motorcycle Manufacturers, Inc. projected sales of 78,000 machines for the year. The estimated January 1inventory is 6,500 units, and the desired December 31 inventory is 6,000 units. What is the budgeted production (inunits) for the year?
a. 78,500
b. 70,000
c. 77,500
d. 70,500
83.The operating budgets of a company includes the
a.cash budget
b.capital expenditures budget
c.financing budget
d.production budget
84.Which of the following budgets is
notdirectly associated with the production budget?
a.direct materials purchases budget
b.sales budget
c.capital expenditures budget
d.direct labor cost budget
Below is budgeted production and sales information for Flushing Company for the month of December:
|
Product XXX
|
Product ZZZ
|
Estimated beginning inventory
|
32,000 units
|
20,000 units
|
Desired ending inventory
|
34,000 units
|
17,000 units
|
Region I, anticipated sales
|
320,000 units
|
260,000 units
|
Region II, anticipated sales
|
180,000 units
|
140,000 units
|
The unit selling price for product XXX is $5 and for product ZZZ is $15.
85.Budgeted sales for the month are
a. $3,180,000
b. $5,820,000
c. $1,800,000
d. $8,500,000
86.Budgeted production for product XXX during the month is
a.498,000 units
b.502,000 units
c.534,000 units
d.566,000 units
87.Budgeted production for product ZZZ during the month is
a.403,000 units
b.380,000 units
c.397,000 units
d.417,000 units
88.For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000;advertising expenses are $90,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are$2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are
a. $161,000
b. $237,500
c. $235,000
d. $241,000
89.For April, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $98,000;advertising expenses are $90,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are$2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of April are
a. $159,100
b. $242,600
c. $186,000
d. $182,100
90.Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units,estimated beginning inventory is 108,000 units, and desired ending inventory is 90,000 units. The quantities of directmaterials expected to be used for each unit of finished product are given below.
Material A 0.50 lb. per unit @ $0.70 per pound
Material B 1.00 lb. per unit @ $1.70 per pound
Material C 1.20 lb. per unit @ $1.00 per pound
The dollar amount of material A used in production during the year is
a. $217,700
b. $528,700
c. $311,000
d. $224,600