1 Managerial Accounting Question

Question 56 1. Broughton Corp. has prepared a production budget for February. Management has determined that the total required production for February is 360,000 units when an ending inventory of 40,000 units is desired and the beginning inventory is 10,000 units. Based on the above information, what were February's budgeted sales? a. 410,000 units b. 360,000 units c. 330,000 units d. 390,000 units 4 points Question 57 1. Cicero Manufacturing Inc. sells gloves at local ski resorts during the winter months. Each pair of gloves sells for $15. The following sales forecast (in units) has been prepared for October 2008 through March 2009: October 500 November 800 December 1,000 January 1,200 February 900 March 600 Historically, the cash collection of sales has been as follows: 60 percent in the month of sale, 35 percent in the month following sale, and 4 percent in the second month following sale. The remaining 1 percent is uncollectible. Cash receipts for January are expected to be: a. $13,170 b. $10,800 c. $51,975 d. $16,530 5 points Question 58 1. Archer Industries sells three different sets of sportswear. Sleek sells for $30 and has variable costs of $18; Smooth sells for $50 and has variable costs of $30; Potent sells for $70 and has variable costs of $45. The sales mix of the three sets is: Sleek, 50%; Smooth, 30%; and Potent, 20%. Instructions What is the weighted-average unit contribution margin