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post acc211 unit 5 and 6 quiz

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Question;Unit 5? Question 15 out of 5 pointsParlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:January February March AprilTotal sales $60,000 $70,000 $50,000 $30,000Total cash receipts in April would be budgeted to be:a.$38,900b.$47,900c.$27,230d.$36,230? Question 25 out of 5 points36. The Tobler Company has budgeted production for next year as follows:Quarter1st 2nd 3rd 4thProduction in units 10,000 12,000 16,000 14,000Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the third quarter would be:: a.63,200 poundsb.62,400 poundsc.56,800 poundsd.50,400 pounds? Question 35 out of 5 pointsPardee Company plans to sell 12,000 units during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units must be produced during the month?\a.11,500b.12,500c.12,000d.14,000? Question 45 out of 5 pointsLDG Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.0 hours of direct labor at the rate of $10.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.The company plans to sell 22,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 100 and 400 units, respectively. Budgeted direct labor costs for June would be:a.$468,300b.$462,000c.$455,700d.$234,150Unit 6;? Question;1;5 out of 5 points;Marchi Family Inn is a bed and breakfast;establishment in a converted 100-year-old mansion. The Inn's guests appreciate;its gourmet breakfasts and individually decorated rooms. The Inn's overhead;budget for the most recent month appears below;Activity level 65 Guests;Variable overhead costs;Supplies $ 156;Laundry $ 364;Fixed overhead costs;Utilities $ 250;Salaries and wages $4,480;Depreciation;$1,330;Total overhead cost;$6,580;The Inn's variable overhead costs are driven by the number;of guests. What would be the total budgeted overhead cost for a month if the;activity level is 70 guests?;a.;$42,460.00;b.;$6,620.00;c.;$7,086.15;d.;$6,580.00;? Question;2;5 out of 5 points;Venanzi Air uses two measures of activity, flights and passengers, in;the cost formulas in its budgets and performance reports. The cost formula for;plane operating costs is $40,720 per month plus $2,646 per flight plus $11 per;passenger. The company expected its activity in September to be 62 flights and;288 passengers, but the actual activity was 64 flights and 289 passengers. The;actual cost for plane operating costs in September was $214,430. The activity;variance for plane operating costs in September would be closest to;a.;$6,490 U;b.;$5,303 F;c.;$6,490 F;d.;$5,303 U;? Question;3;5 out of 5 points;Lesinski Snow Removal's cost;formula for its vehicle operating cost is $1,770 per month plus $483 per;snow-day. For the month of February, the company planned for activity of 19;snow-days, but the actual level of activity was 24 snow-days. The actual vehicle;operating cost for the month was $13,070. The spending variance for vehicle;operating cost in February would be closest to;a.;$2,123 U;b.;$292 F;c.;$2,123 F;d.;$292 U;? Question;4;5 out of 5 points;Dunklin Medical Clinic measures its activity;in terms of patient-visits. Last month, the budgeted level of activity was;1,620 patient-visits and the actual level of activity was 1,540 patient-visits.;The cost formula for administrative expenses is $3.20 per patient-visit plus;$14,300 per month. The actual administrative expense was $21,050. In the;clinic's flexible budget performance report for last month, the spending;variance for administrative expenses was;a.;$118 F;b.;$256 F;c.;$1,566 U;d.;$1,822 U;="font-size:>

 

Paper#38139 | Written in 18-Jul-2015

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