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If fixed costs are $1,409,453, the unit selling price is

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Question;If fixed costs are $1,409,453, the unit selling price1) If fixedcosts are $1,409,453, the unit selling price is $216, and the unit variable costs are $123, what is the break-even sales (units) if fixed costs are reduced by $31,889?Select the correct answer.6,525 units 17,545 units 1,807 units 14,813 units2) If the contribution margin ratio for Lyndon Company is 51%, sales were $430,025. And fixed costs were $101,994, what was the income from operations?Select the correct answer.$430,025 $117,319 $219,313 $101,9943) If sales are $823,992, variable costs are 71% of sales, and operating income is $227,640, what is the contribution margin ratio?Select the correct answer.71% 29% 72% 28%4) Below is budgeted production and sales information for Fleming Company for the month of December: Product X Product YEstimated beginning inventory 28,040 units 18,381 unitsDesired ending inventory 36,351 units 154,270 unitsRegion I, anticipated sales 318,024 units 273,903 unitsRegion II, anticipated sales 199,117 units 145,096 unitsThe unit selling price for product X is $4 and for product Y is $14.What are the budgeted sales for the month?Select the correct answer.$3,744,560 $7,934,550 $8,915,970 $13,105,9605) If the expected sales volume for the current period is 7,611 units, the desired ending inventory is 233 units, and the beginning inventory is 357 units, what is the number of units set forth in the production budget, representing total production for the current period?Select the correct answer.7,487 7,844 7,254 7,6116) The following data is given for the Harry Company:Budgeted production 1,065 unitsActual production 908 unitsMaterials: Standard price per ounce $1.81Standard ounces per completed unit 11Actual ounces purchased and used in production 9,688Actual price paid for materials $19,860Labor: Standard hourly labor rate $14.00 per hourStandard hours allowed per completed unit 4.0Actual labor hours worked 4,676.2Actual total labor costs $71,312Overhead: Actual and budgeted fixed overhead $1,100,884Standard variable overhead rate $28.00 per standard labor hourActual variable overheadcosts $130,934Overhead is applied on standard labor hours.Determine the direct labor rate variance.Select the correct answer.$5,845 U $20,464 F $20,464 U $5,845 F7) Standard ActualMaterial Cost Per Yard $1.92 $2.03Yards perUnit 4.90 yards 4.64 yardsNumber of Units Produced 9,122Calculate the total direct materials quantity variance using the above information.Select the correct answer.4,656 Unfavorable 4,554 Favorable 4,656 Favorable 102 Unfavorable8) The following data is given for the stringer Company:Budgeted production 1,072 unitsActual production 974 unitsMaterials: Standard price per ounce $1.98Standard pounds per completed unit 12Actual pounds purchased and used in production 11,337Actual price paid for materials $23,241Labor: Standard hourly labor rate $14.00 per hourStandard hours allowed per completed unit 5.0Actual labor hours worked 5,016.1Actual total labor costs $76,496Overhead: Actual and budgeted fixed overhead $1,134,354Standard variable overhead rate $28.00 per standard labor hourActual variable overhead costs $140,451Overhead is applied on standard labor hours.Determine the direct material quantity variance.Select the correct answer.794 F 794 U 695 F 695 U9) Salter Inc.'s unit selling price is $49, the unit variable costs are $33, fixed costs are $108,648, and current sales are 10,450 units. How much will operating income change if sales increase by 5,057 units?Select the correct answer.$759,843 decrease $80,912 increase $166,881 increase $247,793 increase10) Bailey Company sells 25,274 units at $14.00 per unit. Variable costs are $7.00 per unit, and fixed costs are $7.00. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:Select the correct answer.1% and $7.00 per unit 50% and $7.00 per unit 1% and $14.00 per unit 50% and $14.00 per unit11) The standardcosts and actual costs for direct materials for the manufacture of 2,677 actual units of product are as follows:Standard CostsDirect materials (per completed unit) 1.04 pounds @$9.00Actual CostsDirect materials 2,677 pounds @ $8.30Determine the amount of direct materials price variance.Select the correct answer.$1,874 favorable $1,874 unfavorable $2,369 unfavorable $2,369 favorable12) A firm operated at 80% of capacity for the past year, during which fixed costs were $207,569, variable costs were 60% of sales, and sales were $945,169. Find the operating profit.Select the correct answer.$774,670 $567,101 $207,569 $170,4991) Consider the following budget information: materials to be used totals $64,115, direct labor totals $201,287, factory overhead totals $399,124, work in process inventory January 1, 2012, was expected to be $188,108, and work in progress inventory on December 31, 2012, is expected to be $192,266. What is the budgeted cost of goods manufactured?Select the correct answer.$660,368$1,044,900$664,526$192,2662) The following data relate to direct labor costs for the current period:Standard costs 6,887 hours at $11.10Actual costs 6,079 hours at $10.00What is the direct labor rate variance?Select the correct answer.$15,656 unfavorable$6,687 favorable$15,656 favorable$8,969 favorable3) Given the following cost and activity observations for Johnson Company's utilities, use the high-low method to calculate Johnson's fixed costs per month.CostMachine HoursApril $61,983 1,276May $81,808 1,889June $109,406 2,368Using the high-low method, determine the variable cost per unit, and the total fixed costs.Select the correct answer.$39.83 per unit and $102,837 respectively.$43.43 per unit and $6,569 respectively.$39.83 per unit and $6,569 respectively.$43.43 per unit and $102,837 respectively.Production and sales estimates for March for the Win Co. are as follows:4) Estimated inventory (units), March 1 18,212Desired inventory (unit), March 31 19,739Expected sales volume (units):Area M 6,693Area L 8,610Area O 7,066Unit sales price $16.00What is the number of units expected to be manufactured in March?Select the correct answer.4,15723,89643,63522,3695) The Collins Corporation just started business in January of 2007. They had no beginning inventories. During 2007 they manufactured 11,932 units of product, and sold 8,837 units. The selling price of each unit was $24. Variable manufacturing costs were $5 per unit, and variable selling and administrative costs were $4 per unit. Fixed manufacturing costs were $28,357 and fixed selling and administrative costs were $7,047.What would be the Collins Corporations Net income for 2007 using direct costing?Select the correct answer.$176,684$104,506$162,947$97,1516) If sales are $870,145, variable costs are $448,666, and operating income is $228,579, what is the contribution margin ratio?Select the correct answer.78%52&%48%7) If sales are $870,145, variable costs are $448,666, and operating income is $228,579, what is the contribution margin ratio?Select the correct answer.78%52&%48%8) Below is budgeted production and sales information for Fleming Company for the month of December: Product X Product YEstimated beginning inventory 31,414 units 17,845 unitsDesired ending inventory 35,580 units 145,754 unitsRegion I, anticipated sales 308,874 units 279,073 unitsRegion II, anticipated sales 197,761 units 147,476 unitsThe unit selling price for product X is $7 and for product Y is $15.What is the budgeted production for product Y during the month?Select the correct answer.444,394 units426,549 units573,629 units554,458 units9) The Joyner Corporation had 8,026 actual direct labor hours at an actual rate of $12.10 per hour. Original production had been budgeted for 1,100 units, but only 997 units were actually produced. Labor standards were 8.0 hours per completed unit at a standard rate of $13.23 per hour.Compute the direct labor time variance.Select the correct answer.9,069 U9,069 F662 U662 F10) Ingram Co. manufactures office furniture. During the most productive month of the year, 3,750 desks were manufactured at a total cost of $83,432. In its slowest month, the company made 1,173 desks at a cost of $39,922. Using the high-low method of cost estimation determine total fixed costs are.Select the correct answer.$39,922$83,432$20,117$43,51011) If fixed costs are $1,216,136, the unit selling price is $202, and the unit variable costs are $117, what is the break-even sales (units) if fixed costs are increased by $39,115?Select the correct answer.14,768 units13,847 units1,760 units16,731 units12) The following data is given for the Harry Company:Budgeted production 1,022 unitsActual production 911 unitsMaterials:Standard price per ounce $1.94Standard ounces per completed unit 12Actual ounces purchased and used in production 10,604Actual price paid for materials $21,738Labor:Standard hourly labor rate $15.00 per hourStandard hours allowed per completed unit 4.0Actual labor hours worked 4,692Actual total labor costs $71,553Overhead:Actual and budgeted fixed overhead $1,157,454Standard variable overhead rate $27.00 per standard labor hourActual variable overhead costs $131,376Overhead is applied on standard labor hours.Determine the direct labor rate variance.Select the correct answer.$16,893 U$15,720 U$15,720 F$1,173 U25) Christian and Sons' static budget for 10,417 units of production includes $42,264 for direct materials, $46,964 for direct labor, utilities of $7,033, and supervisor salaries of $16,461. What would flexible budget show for 13,227 units of production?Select the correct answer.direct materials of $42,264, direct labor of $59,633, utilities of $7,033, and supervisor salaries of $16,461direct materials of $53,665, direct labor of $59,633, utilities of $8,930, and supervisor salaries of $16,461total variable costs of $112,722the same cost structure in total13) If fixed costs are $248,272, the unit selling price is $94, and the unit variable costs are $59, what is the break-even sales (units)?Select the correct answer.59 units2,641 units5,959 units7,093 units14) The Flapjack Corporation had 7,817 actual direct labor hours at an actual rate of $12.50 per hour. Original production had been budgeted for 1,100 units, but only 971 units were actually produced. Labor standards were 7.0 hours per completed unit at a standard rate of $12.81 per hour.Compute the labor rate variance.Select the correct answer.2,423 U2,423 F13,066 U13,066 F15) The standard costs and actual costs for direct materials for the manufacture of 2,411 actual units of product are as follows:Standard CostsDirect materials (per completed unit) 1.04 pounds @$8.90Actual CostsDirect materials 2,411 pounds @ $8.25Determine the amount of direct materials price variance.Select the correct answer.$1,567.15 favorable$1,567.15 unfavorable$2,408.00 favorable$2,408.00 unfavorable16) The Dandy Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life" The company's Production Budget requires 350,973 units of Simple jeans and 196,226 Fancy jeans to be manufactured. It is estimated that 2.63 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.54 hours of direct labor hours for each pair of Fancy life jeans.What is the total number of direct labor hours needed for both lines of jeans (round to integer number)?Select the correct answer.4,285,929 direct labor hours923,059 direct labor hours694,640 direct labor hours1,617,699 direct labor hours17) Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,161 units, estimated beginning inventory is 102,971 units, and desired ending inventory is 87,371 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A.50 lb. per unit @ $0.70 per poundMaterial B 1.00 lb. per unit @ $2.12 per poundMaterial C 1.20 lb. per unit @ $1.84 per poundWhat is the dollar amount of direct material A used in production during the year?Select the correct answer.$1,283,789$211,946$1,337,079$217,40618) If fixed costs are $1,254,519, the unit selling price is $213, and the unit variable costs are $114, what is the amount of sales required to realize an operating income of $248,314?Select the correct answer.2,178 units5,890 units15,180 units11,005 units19) Below is budgeted production and sales information for Fleming Company for the month of December: Product X Product YEstimated beginning inventory 31,322 units 18,954 unitsDesired ending inventory 34,511 units 147,224 unitsRegion I, anticipated sales 329,277 units 261,338 unitsRegion II, anticipated sales 198,220 units 143,586 unitsThe unit selling price for product X is $7 and for product Y is $13.What is the budgeted production for product X during the month?Select the correct answer.530,686 units562,008 units524,308 units527,497 units20) The standard costs and actual costs for factory overhead for the manufacture of 2,505 units of actual production are as follows:Standard CostsFixed overhead (based on 10,000 hours) 3 hours @ $0.80 per hourVariable overhead 3 hours @ $2.10 per hourActual CostsTotal variable cost, $17,834Total fixed cost, $7,941Determine the amount of the factory overhead cost variance.Select the correct answer.$1,929 unfavorable$3,981 unfavorable$1,929 favorable$3,556 unfavorable21) For January, sales revenue is $593,854, sales commissions are 5% of sales, the sales manager's salary is $90,286, advertising expenses are $91,117, shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,924 plus 1/2 of 1% of sales. What are the total selling expenses for the month of January?Select the correct answer.$222,928$219,958$184,327$214,02022) Given the following cost and activity observations for Wondrous Company's utilities, use the high-low method to calculate Wondrous' variable utilities costs per machine hour.Select the correct answer.CostMachine HoursMarch $3,136 14,911April $2,662 10,191May $2,858 11,815June $3,849 18,287$0.15$0.03$0.23$0.2123)Standard ActualMaterial Cost Per Yard $1.90 $2.03Yards per Unit 4.90 yards 4.71 yardsNumber of Units Produced 9,017Calculate the total direct materials price variance using the above information.Select the correct answer.$3,255 Unfavorable$5,521 Favorable$2,266 Favorable$5,521 Unfavorable24) If fixed costs are $720,008 and variable costs are 65% of sales, what is the break-even point (dollars)?Select the correct answer.$1,188,013$2,057,166$468,005$2,777,1725) Motorcycle Manufacturers, Inc. projected sales of 55,957 machines for 2012. The estimated January 1, 2012, inventory is 6,984 units, and the desired December 31, 2012, inventory is 7,275 units. What is the budgeted production (in units) for 2012?Select the correct answer.56,24855,66641,69855,95726) The following data relate to direct materials costs for November:Actual costs 4,602 pounds at $5.30Standard costs 4,409 pounds at $6.20What is the direct materials quantity variance?Select the correct answer.$1,197 unfavorable$1,197 favorable$4,142 favorable$4,142 unfavorable27) The following data relate to direct materials costs for November:Actual costs 4,610 pounds at $5.20Standard costs 4,403 pounds at $6.50What is the direct materials price variance?Select the correct answer.$1,346 unfavorable$5,993 unfavorable$1,346 favorable$5,993 favorable28) The following data relate to direct labor costs for the current period:Standard costs 7,179 hours at $11.00Actual costs 6,094 hours at $10.40What is the direct labor time variance?Select the correct answer.$15,591 unfavorable$3,656 favorable$15,591 favorable$11,935 favorableStandard ActualMaterial Cost Per Yard $1.93 $2.03Yards per Unit 4.90 yards 467 yardsNumber of Units Produced 9,094Calculate the total direct materials quantity variance using the above information.Select the correct answer.$4,037 Favorable$4,247 Unfavorable$4,247 Favorable$210 Favorable29) Production and sales estimates for March for the Win Co. are as follows:Estimated inventory (units), March 1 18,274Desired inventory (unit), March 31 19,217Expected sales volume (units):Area M 6,913Area L 8,876Area O 7,210Unit sales price $13.00What is the number of units expected to be sold in March?Select the correct answer.4,72523,94243,15922,99930) Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 623,875 units, estimated beginning inventory is 107,063 units, and desired ending inventory is 84,012 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A.50 lb. per unit @ $0.61 per poundMaterial B 1.00 lb. per unit @ $2.32 per poundMaterial C 1.20 lb. per unit @ $1.49 per poundWhat is the dollar amount of direct material B used in production during the year?Select the correct answer.$183,251$1,393,912$1,074,273$190,28231) At the beginning of the period, the Cutting Department budgeted direct labor of $132,516, direct material of $153,046 and fixed factory overhead of $14,467 for 7,585 hours of production. The department actually completed 11,710 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting?Select the correct answer.$307,897$463,196$455,328$300,02932) Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 654,206 units, estimated beginning inventory is 106,586 units, and desired ending inventory is 87,847 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A.50 lb. per unit @ $0.53 per poundMaterial B 1.00 lb. per unit @ $1.58 per poundMaterial C 1.20 lb. per unit @ $0.92 per poundWhat is the dollar amount of direct material C used in production during the year?Select the correct answer.$1,004,038$168,399$173,365$701,55633) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $241,404, $313,505, and $422,074, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.What are the cash collections in September from sales on account?Select the correct answer.$48,281$135,186$241,404$183,46734) For January, sales revenue is $575,588, sales commissions are 7% of sales, the sales manager's salary is $80,727, advertising expenses are $89,875, shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,252 plus 1/2 of 1% of sales. What are the total selling expenses for the month of January?Select the correct answer.$172,854$213,145$221,779$218,90135) Motorcycle Manufacturers, Inc. projected sales of 52,149 machines for 2012. The estimated January 1, 2012, inventory is 6,238 units, and the desired December 31, 2012, inventory is 7,193 units. What is the budgeted production (in units) for 2012?Select the correct answer.51,19453,10452,14938,71836) The Dandy Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life" The company's Production Budget requires 355,135 units of Simple jeans and 194,455 Fancy jeans to be manufactured. It is estimated that 2.62 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.37 hours of direct labor hours for each pair of Fancy life jeans.What is the total number of direct labor hours needed for both lines of jeans (round to integer number)?Select the correct answer.3,925,327 direct labor hours930,454 direct labor hours1,585,767 direct labor hours655,313 direct labor hours37) Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $159,683, $194,103, and $208,975, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $27,396 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.What are the cash payments for manufacturing in the month of June?$99,215$159,683$158,102$177,86138) O'Neill Co. has $299,802 in accounts receivable on January 1. Budgeted sales for January are $816,959. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. What are the January cash collections from sales?Select the correct answer.$816,959$762,695$953,369$1,253,17139) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $239,578, $305,499, and $413,025, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. What are the cash collections in October from sales on account?Select the correct answer.$134,164$218,995$239,578$182,07940) If the expected sales volume for the current period is 7,969 units, the desired ending inventory is 246 units, and the beginning inventory is 333 units, what is the number of units set forth in the production budget, representing total production for the current period?Select the correct answer.7,6368,2157,9697,88241) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $234,021, $300,438, and $417,193, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.What are the cash collections in November from sales on account?Select the correct answer.$131,052$303,077$168,245$177,85642) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,813, $300,927, and $427,872, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.What are the cash collections in OctoberSelect the correct answer.$240,813$264,844$216,682$276,86743) Consider the following budget information: materials to be used totals $64,282, direct labor totals $198,566, factory overhead totals $404,916, work in process inventory January 1, 2012, was expected to be $185,467, and work in progress inventory on December 31, 2012, is expected to be $190,068. What is the budgeted cost of goods manufactured?Select the correct answer.$1,043,299$663,163$190,068$667,76444) Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,124, $197,853, and $205,299, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $27,923 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.What are the cash payments for manufacturing in the month of MaySelect the correct answer.$96,151$39,031$156,124$159,49845) Christian and Sons' static budget for 9,682 units of production includes $41,818 for direct materials, $48,567 for direct labor, utilities of $7,350, and supervisor salaries of $16,753. What would flexible budget show for 13,339 units of production?Select the correct answer.direct materials of $41,818, direct labor of $66,911, utilities of $7,350, and supervisor salaries of $16,753the same cost structure in totaldirect materials of $57,613, direct labor of $66,911, utilities of $10,126, and supervisor salaries of $16,753total variable costs of $114,4881) For January, sales revenue is $575,588, sales commissions are 7% of sales, the sales manager's salary is $80,727, advertising expenses are $89,875, shipping expenses total 1% of sales, and miscellaneous selling expenses are $2,252 plus 1/2 of 1% of sales. What are the total selling expenses for the month of January?Select the correct answer.$172,854$213,145$221,779$218,9012) Motorcycle Manufacturers, Inc. projected sales of 52,149 machines for 2012. The estimated January 1, 2012, inventory is 6,238 units, and the desired December 31, 2012, inventory is 7,193 units. What is the budgeted production (in units) for 2012?Select the correct answer.51,19453,10452,14938,7183) The Dandy Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life" The company's Production Budget requires 355,135 units of Simple jeans and 194,455 Fancy jeans to be manufactured. It is estimated that 2.62 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.37 hours of direct labor hours for each pair of Fancy life jeans.What is the total number of direct labor hours needed for both lines of jeans (round to integer number)?Select the correct answer.3,925,327 direct labor hours930,454 direct labor hours1,585,767 direct labor hours655,313 direct labor hours4) Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $159,683, $194,103, and $208,975, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $27,396 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.What are the cash payments for manufacturing in the month of June?$99,215$159,683$158,102$177,8615) O'Neill Co. has $299,802 in accounts receivable on January 1. Budgeted sales for January are $816,959. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. What are the January cash collections from sales?Select the correct answer.$816,959$762,695$953,369$1,253,1716) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $239,578, $305,499, and $413,025, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. What are the cash collections in October from sales on account?Select the correct answer.$134,164$218,995$239,578$182,0797) If the expected sales volume for the current period is 7,969 units, the desired ending inventory is 246 units, and the beginning inventory is 333 units, what is the number of units set forth in the production budget, representing total production for the current period?Select the correct answer.7,6368,2157,9697,8828) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $234,021, $300,438, and $417,193, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.What are the cash collections in November from sales on account?Select the correct answer.$131,052$303,077$168,245$177,8569) Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,813, $300,927, and $427,872, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.What are the cash collections in OctoberSelect the correct answer.$240,813$264,844$216,682$276,86710) Consider the following budget information: materials to be used totals $64,282, direct labor totals $198,566, factory overhead totals $404,916, work in process inventory January 1, 2012, was expected to be $185,467, and work in progress inventory on December 31, 2012, is expected to be $190,068. What is the budgeted cost of goods manufactured?Select the correct answer.$1,043,299$663,163$190,068$667,76411) Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,124, $197,853, and $205,299, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $27,923 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.What are the cash payments for manufacturing in the month of MaySelect the correct answer.$96,151$39,031$156,124$159,49812) Christian and Sons' static budget for 9,682 units of production includes $41,818 for direct materials, $48,567 for direct labor, utilities of $7,350, and supervisor salaries of $16,753. What would flexible budget show for 13,339 units of production?Select the correct answer.direct materials of $41,818, direct labor of $66,911, utilities of $7,350, and supervisor salaries of $16,753the same cost structure in totaldirect materials of $57,613, direct labor of $66,911, utilities of $10,126, and supervisor salaries of $16,753total variable costs of $114,488="background-color:>

 

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