ABC manufacturing company. has budgeted sales for 2020 to be 40,000 units. The inventory on hand at the beginning of 2020 is 10,000 units. The desired ending inventory is 1000 units. Calculate the budgeted production for 2020.

Select one:

a. 1000 units

b. 31,000 units

c. 30,000 units

d. 41,000 units

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In preparing the cash budget, if available cash balance plus net cash receipts and disbursements is negative, ________.

Select one:

a. repayment of loan is required

b. borrowing is not necessary

c. repayment of loan is suggested

d. borrowing is necessary

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You are discussing with your colleague the nature and types of manufacturing costs. Indicate which of the following truly describes the accounting for indirect labor costs?

Select one:

a. Indirect labor costs are period costs and are expensed when the manufactured product is sold.

b. Indirect labor costs are product costs and are expensed as incurred.

c. Indirect labor costs are product costs and are expensed when the manufactured product is sold

d. Indirect labor costs are period costs and are expensed as incurred.