20 multiple choice accounting questions. Would appreciate it if I can get someone to help me out.

1. The primary difference between variable costing and absorption costing is A. in variable costing, fixed manufacturing overhead is a period cost. B. in absorption costing, fixed manufacturing overhead is a period cost. C. in variable costing, fixed selling and administrative costs are product costs. D. in absorption costing, fixed selling and administrative costs are product costs. 2. Winters, Inc., is preparing financial statements to be distributed to internal managers. The company should prepare the income statement using A. variable costing because it is better for planning purposes. B. variable costing because it follows GAAP. C. absorption costing because it is better for controlling purposes. D. absorption costing because it follows GAAP. Use the following data for Questions 3-6. Donovan Company incurred the following costs while producing 2,000 units: direct materials, $15 per unit; direct labor, $5 per unit; variable manufacturing overhead, $12 per unit; variable selling and administrative costs, $14 per unit; total fixed overhead costs, $20,000; total fixed selling and administrative costs, $10,000. There are no beginning inventories. 3. What is the unit product cost using absorption costing? A. $32 per unit B. $42 per unit C. $52 per unit D. $61 per unit 4. What is the unit product cost using variable costing? A. $32 per unit B. $44 per unit C. $46 per unit D. $61 per unit 5. What is the operating income using absorption costing if 1,800 units are sold for $100 each? A. $104,400 B. $96,000 C. $79,200 D. $69,200 6. What is the operating income using variable costing if 1,900 units are sold for $100 each? A. $57,400 B. $72,600 C. $80,200 D. $102,600 7. Which of the following is the appropriate combination of decision maker and costing method when considering the decision for setting short-run prices? A. Upper management using absorption costing B. Upper management using variable costing C. Lower management using absorption costing D. Lower management using variable costing 8. Boris's Burgers sells an average of 1,200 burgers per week, of which 40% are Basic Burgers and 60% are Super Burgers. Basic Burgers sell for $5 each and incur variable costs of $1. Super Burgers sell for $9 each and incur variable costs of $4. The total contribution margin for Basics and Supers are BASICS Total Contribution Margin A. $4,800 B. $4,320 C. $1,920 D. $1,920 SUPERS Total Contribution Margin $6,000 $6,480 $3,600 $2,880 9. If a firm produces fewer units than it sells, absorption costing, relative to variable costing, will result in A. higher operating income and higher asset value. B. higher operating income and lower asset value. C. lower operating income and higher asset value. D. lower operating income and lower asset value. 10. During a recent week, PDQ CPAs planned to provide tax accounting services to 150 customers for $60 per hour. Each job was expected to take 2.5 hours. The company actually served 15 fewer customers than expected, and the average time spent on each job was 3.0 hours each. Cleveland's revenues for the month were A. $1,800 more than expected. B. $1,800 less than expected. C. $2,700 more than expected D. $2,700 less than expected. 11. Which of the following is NOT a benefit of budgeting? A. Benchmarking B. Allocation C. Coordination D. Planning 12. Which of the following is a long-term financial plan used to coordinate the activities needed to achieve the long-term company goals? A. Capital expenditures budget B. Selling and administrative budget C. Strategic budget D. Operational budget 13.A sporting goods store purchased $7,000 of ski boots in October. The store had $3,000 of ski boots in inventory at the beginning of October, and it expects to have $2,000 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. $5,000 B. $6,000 C. $8,000 D. $10,000 14. Which of the following is NOT an operational budget? A. Sales budget B. Manufacturing overhead budget C. Selling and administrative expense budget D. Capital expenditures budget 15. The master budget process usually ends with A. budgeted statement of cash flows. B. cash budget. C. budgeted income statement. D. capital expenditures budget. 16. Which of the following is a budget prepared for various levels of sales volume? A. Master budget B. Flexible budget C. Strategic budget D. Static budget 17. Which of the following would not be used in preparing a cash budget for October? A. Beginning cash balance on October 1 B. Budgeted capital equipment purchases for October C. Budgeted salaries expense for October D. Estimated depreciation expense for October 18. In preparing a budgeted balance sheet, the amount for Accounts Receivable is primarily determined from which of the following budgets? A. Sales budget B. Purchase budget C. Budgeted income statement D. Capital expenditures budget 19. Sacrolotion Co.'s sales are 10% cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. On December 31, the accounts receivable balance includes $10,500 from November sales and $42,000 from December sales. If total sales for January are budgeted to be $50,000, what are the expected cash receipts for January? A. $43,100 B. $51,500 C. $59,000 D. $60,500 20. Cost-Minus Inc. is a merchandising company that is trying to decide how many units of merchandise to order each month. The company's policy is to have 20% of the next month's sales in inventory at the end of each month. Projected sales for August, September, and October are 30,000 units, 20,000 units, and 40,000 units, respectively. How many units must be purchased in September? A. 16,000 units B. 22,000 units C. 24,000 units D. 28,000 units