1. A company expects to begin the coming year with 2,000 units of a specific product in finished goods inventory. It expects to sell 5,000 units and end the year with 4,000 units in FG inventory. Calculate the number of the products budgeted for production in the coming year.

2.A company expects to begin the coming year with 2,000 units of a specific product in finished goods inventory. It expects to sell 5,000 units and end the year with 4,000 units in FG inventory. (Budgeted production is 7,000 units) Each unit of production requires 2kgs of Raw Material. The company expects to have 1,000 kg at the beginning of the coming year and wishes to end the year with 3,000 kg in inventory. How many kilograms of Material must the company purchase during the year?

3.A company expects to begin the coming year with 2,000 units of a specific product in finished goods inventory. It expects to sell 5,000 units and end the year with 4,000 units in FG inventory. (Budgeted production is 7,000 units) Each of production workers can produce two products per hour. How many hours of direct labour must be budgeted to meet production needs?

4.A factory distributes overhead based on direct labour dollars. The estimated manufacturing overhead for the year was $800 000 and the estimated direct labour dollars for the year were $160 000. Indicate the amount of underapplied or overapplied overhead if actual direct labour was $135 000 and actual manufacturing overhead was $658 000.

a.$25 000 underapplied

b.$25 000 overapplied

c.$17 000 overapplied

d.$17 000 underapplied

5.A company expects to begin the coming year with 2,000 units of a specific product in finished goods inventory. It expects to sell 5,000 units and end the year with 4,000 units in FG inventory. The sales budget for the first three months of the coming year is expected to be $30,000, $50,000 and $70,000 with 50% of each month's sales being on credit. Collections of accounts receivable are scheduled at 50% during the month of sale, 50% is collected in the month following. The total budgeted cash receipts from sales for the second month of the coming year will be: