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					Multiple Choice Question 86


Kathleen Corp. produced 320,000 units in 150,000 direct labor hours. Production for the
period was estimated at 330,000 units and 165,000 direct labor hours. A flexible budget would
compare budgeted costs and actual costs, respectively, at

     150,000 hours and 150,000 hours.

     160,000 hours and 165,000 hours.

     165,000 hours and 150,000 hours.

     160,000 hours and 150,000 hours.



     Multiple Choice Question 77
     Smart Manufacturing budgeted
     costs for 50,000 linear feet of
     block are:

     Fixed               $24,000 per
     manufacturing       month
     costs
     Variable            $16.00 per
     manufacturing       linear foot
     costs
     Smart installed 40,000 linear feet
     of block during March. How much
     is budgeted total manufacturing
     costs in March?

          $640,000

          $824,000

          $800,000

          $664,000




     Multiple Choice Question 75
     For June, Gold Corp. estimated
     sales revenue at $600,000. It
     pays sales commissions that are
     4% of sales. The sales manager's
     salary is $285,000, estimated
     shipping expenses total 1% of
     sales, and miscellaneous selling
     expenses are $15,000. How much
     are budgeted selling expenses for
     the month of July if sales are
     expected to be $540,000?

          $330,000
     For June, Gold Corp. estimated
     sales revenue at $600,000. It
     pays sales commissions that are
     4% of sales. The sales manager's
     salary is $285,000, estimated
     shipping expenses total 1% of
     sales, and miscellaneous selling
     expenses are $15,000. How much
     are budgeted selling expenses for
     the month of July if sales are
     expected to be $540,000?

          $330,000

          $42,000

          $327,000

          $27,000




     Multiple Choice Question 129
     Rhein Manufacturing recorded
     operating data for its auto
     accessories division for the year.

     Sales                    $750,000
     Contribution margin        150,000
     Total direct fixed costs    90,000
     Average total operating 400,000
     assets
     How much is ROI for the year if
     management is able to identify a
     way to improve the contribution
     margin by $30,000, assuming
     fixed costs are held constant?

          22.5%

          15.0%

          45.0%

          12.0%




Multiple Choice Question 100
Lion Industries required production for June is 132,000 units. To make one unit of finished
product, three pounds of direct material Z are required. Actual beginning and desired ending
inventories of direct material Z are 300,000 and 330,000 pounds, respectively. How many
pounds of direct material Z must be purchased?

     408,000
     426,000
     426,000


     378,000
     396,000




Multiple Choice Question 80
The direct materials budget shows:

Desired ending direct materials   48,000 pounds
Total materials required          69,000 pounds
Direct materials purchases        63,200 pounds

The total direct materials needed for production is

     132,200 pounds
     21,000 pounds.
     15,200 pounds
     5,800 pounds.




Multiple Choice Question 102
Pell Manufacturing is preparing its direct labor budget for May. Projections for the month are
that 33,400 units are to be produced and that direct labor time is three hours per unit. If the
labor cost per hour is $12, what is the total budgeted direct labor cost for May?

     1,296,000
     1,202,400
     1,180,800.
     1,159,200.




Multiple Choice Question 128
Correy Company reported the following information for 2013:

                       October   November December
Budgeted sales        $460,000    $440,000    $540,000
Budgeted purchases $240,000       $256,000    $288,000
 •   Cost of goods sold is 35% of sales.
 •   Correy purchases and pays for merchandise 60% in the month of acquisition and 40%
     in the following month.
 •   Accounts payable is used only for inventory acquisitions.
How much is the budgeted balance for Accounts Payable at October 31, 2013?

     $96,000
     $144,000
     $102,400
     $204,000




Multiple Choice Question 122
The following credit sales are budgeted by Terra Co.:

      January     $204,000
      February     300,000
      March        420,000
      April        360,000

The company's past experience indicates that 70% of the accounts receivable are collected in
the month of sale, 20% in the month following the sale, and 8% in the second month following
the sale. The anticipated cash inflow for the month of April is

     $360,000.
     $352,800.
     $370,320.
     $336,000.

				
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