Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18) Roberts Enterprises has budgeted sales in units for the next five months as follows: June July August September October 4570 units 7450 units 5370

image text in transcribed
18) Roberts Enterprises has budgeted sales in units for the next five months as follows: June July August September October 4570 units 7450 units 5370 units 6840 units 3770 units Past experience has shown that the ending inventory for each month must be equal to 20% of the next month's sales in units. The inventory on May 31 contained 914 units. The company needs to prepare a production budget for the second quarter of the year. The total number of units to be produced in July is: A) 8524 units B) 7034 units C) 7784 units D) 7450 units 19) The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2200 direct labor-hours will be required in January. The variable overhead rate is $7 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,060 per month, which includes depreciation of $3700. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: A) $54,760 B) $15,400 C) $39,360 D) $58,460 20) Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements total $179,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for July will be: A) $14,000 B) $12,000 C) $193,000 D) $1000 21) An unfavorable materials quantity variance indicates that: A) standard material price exceeds actual price. B) standard material allowed for output exceeds the actual usage of material. C) actual usage of material exceeds the standard material allowed for output. D) actual material price exceeds standard price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Pricing And Management Accounting

Authors: David Dugdale

1st Edition

78-1032224824, 1032224827

More Books

Students also viewed these Accounting questions