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post university acc211 unit 5 and unit 6 quizes

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Question;?;Parlee 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;April;Total;sales;$60,000;$70,000;$50,000;$30,000;Total cash receipts in April would be budgeted to;be;?;Question 2;5 out of 5 points;36. The Tobler Company has budgeted production for next year as;follows;Quarter;1st;2nd;3rd;4th;Production;in units;10,000;12,000;16,000;14,000;Four 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;?;Question 3;5 out of 5 points;Pardee 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?;?;Question 4;5 out of 5 points;LDG 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 $10.50 per direct labor-hour. Management would like you to prepare a;Direct Labor Budget for June.;The company plans to sell 22,000 units of Product WZ in June. The finished;goods inventories on June 1 and June 30 are budgeted to be 100 and 400 units;respectively. Budgeted direct labor costs for June would be;Unit 6;?;Marchi Family Inn is a bed and breakfast establishment in a converted;100-year-old mansion. The Inn's guests appreciate its gourmet breakfasts and;individually decorated rooms. The Inn's overhead budget for the most recent;month appears below;Activity;level;65;Guests;Variable;overhead costs;Supplies;$ 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?;?;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;?;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;?;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

 

Paper#41170 | Written in 18-Jul-2015

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