5 easy Managerial Accounting questions

XYZ Company is working on their direct labor budget. They are a new company and this is their first year in production. If they have $10,000 budgeted for direct labor to build 2280 of their product, and the wage rate for production workers is $24 per hour, how many hours of labor will they have available to complete the work? 105.26 hours 438 hours 416.67 hours Previous Next To calculate the cash disbursements for manufacturing overhead that will be carried to the cash budget, you need to: Subtract the variable overhead from the total manufacturing overhead. Subtract the fixed manufacturing overhead from the total manufacturing overhead O Subtract the depreciation and any other non-cash expenses from total manufacturing overhead Previous Next Mike's Bikes has calculated their total unit product cost at $56 per bike with $18 of direct materials. They are budgeted to end of period with 52 bikes. What with the dollar value be of their ending Inventory? O $3,848 O $2,912 $1.976 Previous Next Depreciation expense is deducted from our budgets for cash purposes because O Depreciation is a non-cash expense, so even though it is an expense on the income statement, it does not affect our cash balance Depreciation is a non-cash expense, so we don't have to record it on our budgeted financial statements Since we already paid for the equipment the expense has already been recorded. Previous Next The cash budget requires input from many different budgets and statements, including O Previous cash budget, sales budget direct materials and labor budgets, manufacturing overhead and selling and administrative budgets The sales budget and overhead budgets This information can be obtained from the previous year's financial statements Previous Next