1)Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 624,000 units, estimated beginning inventory is 103,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.67 per pound Material B 1.00 lb. per unit @ $1.66 per pound Material C 1.20 lb. per unit @ $1.29 per pound The dollar amount of Material C used in production during the year is

a.$941,184

b.$1,035,302

c.$847,066

d.$1,129,421

2)

Jase Manufacturing Co.'s static budget at 7,500 units of production includes $30,000 for direct labor and $2,250 for electric power. Total fixed costs are $40,400. At 10,900 units of production, a flexible budget would show

a.variable costs of $46,870 and $58,715 of fixed costs

b.variable costs of $32,250 and $40,400

c.variable and fixed costs totaling $72,650

d.variable costs of $46,870 and $40,400 of fixed costs

3)

Below is budgeted production and sales information for Flushing Company for the month of December:

	Product XXX	Product ZZZ
Estimated beginning inventory	31,300 units	17,300 units
Desired ending inventory	35,100 units	15,100 units
Region I, anticipated sales	337,000 units	259,000 units
Region II, anticipated sales	182,000 units	148,000 units

The unit selling price for product XXX is $6 and for product ZZZ is $16. Budgeted production for product XXX during the month is

a.554,100 units

b.519,000 units

c.515,200 units

d.522,800 units

4)

Woodpecker Co. has $298,000 in accounts receivable on January 1. Budgeted sales for January are $935,000. Woodpecker Co. 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. The January cash collections from sales are

a.$627,600

b.$1,046,000

c.$1,344,000

d.$836,800