College Acct 2 Review- Ch. 8, 9, 10, 11, 12

Front

How many units should the company plan on producing for the month of February? Options: 390,000 units, 391,000 units, 389,000 units, 428,000 units

Back

389,000 units

Front

If 50,600 pounds of raw materials are required for production in June, what is the budgeted raw material purchases for May?

Back

42,056 pounds

Front

The usual starting point for a master budget is:

Back

the sales forecast or sales budget.

Front

The total number of units produced in July should be:

Back

5,570 units

Front

What is the budgeted direct labor cost per Pod for Smith Corporation, which requires 1.4 direct labor-hours at $9.60 per direct labor-hour?

Back

$13.44

Front

Pabon Corporation makes one product. Budgeted unit sales for August and September are 11,100 and 12,600 units, respectively. The ending finished goods inventory equals 40% of the following month's sales. The direct labor wage rate is $19.00 per hour. Each unit of finished goods requires 2.5 direct labor-hours. The estimated direct labor cost for August is closest to:

Back

$555,750

Front

The desired beginning inventory for June is:

Back

$42,000

Front

What are the total budgeted cash disbursements for raw materials purchases in August for Catano Corporation, given that they pay 40% in the month of purchase and 60% in the following month, with budgeted costs of $256,550 in July and $278,050 in August?

Back

$265,150

Front

What is Zanny's labor rate variance for August?

Back

$1,188 Unfavorable

Front

A budget that is based on the actual activity of a period is known as a:

Back

flexible budget.