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15) Mosaic Tile Company has estimated the following amounts for its next fiscal year 15) Total fixed costs $832,000 Sales price per unit Variable costs per unit 44 20 What will happen to the breakeven point (in units) if Mosaic can reduce fixed costs by $22,000? (Round your answer up to the nearest whole unit.) A) The breakeven point will increase by 1100 units. B) The breakeven point will decrease by 1100 units C) The breakeven point will increase by 500 units D The breakeven point will decrease by 917 units 16) Birch Manufacturers has provided the following information regarding the two products that it sellls: 16) Jet Boats Ski Boats Sales price per unit Variable cost per unit $10,000 $4800 $24,000 $18,000 Annual fixed costs are $300,000 How many units must be sold in order for Birch to break even, assuming that Birch sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) A) 7 jet boats and 8 ski boats C) 16 jet boats and 39 ski boats B8 jet boats and 7 ski boats D) 39 jet boats and 16 ski boats 17) Which of the following statements is TRUE of the budgeting process? A) It shows the actual performance of the business B) Managers and employees are motivated to accept the budget's goals because they enjoy having their work monitored and evaluated. C lf a company carefully plans for its future, there will be no need to make modifications during the budget period D) It is a continuous process that encourages communication. 17) 18) The budgeting process Arequires significant coordination among the company's varlous business segments B) does not need input from all levels because it is the role of management to control costs and meet revenue goals C) usually begins about one month before the beginning of the budget period to allow for more current information to be considered D) Is standard among all types of companies 18) 19) Which of the following is NOTa benefit of benchmarking? A) It helps companies develop budgets to assist in meeting performance goals. BUlt does not help management highlight company problems. C) It can be used to compare a company's budgets to other leading companies through the use of industry averages D) It helps companies determine where they can improve. 19) 20) 20) The starting point in developing the master budget is the preparation of the A) budgeted income statement C) cash budget B) production budget D) sales budget 21) Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginning of quarter Is 5000 units. The desired ending inventory is 3000 units. Calculate the budgeted productlon for the first quarter. A) 48,000 units 21) D) 40,000 units C))43,000 units B) 3000 units 22) 22) In the cost of goods sold budget, projected manufacturing cost per unit of product sold does NOT cost per unit include B) varlable manufacturing overhead (D) sales commission A) direct materlals C) direct labor 23) 23) The sales budget is considered the cornerstone of the master budget because A) it plays a minor role in the preparation of the operating budget B)the level of sales affects almost all of the other elements of the master budget C) it is prepared last and summarizes all of the other elements of the budget D) it determines the amount of materials to purchase for production 24) 24) In the production budget, the total number of units to be produced is equal to budgeted sales in units A) minus the desired units in ending inventory minus the number of units in beginning inventory B) plus the desired units in ending inventory plus the number of units in beginning Inventory Oplus the desired units in ending inventory minus the number of units in beginning inventory D) minus the desired units in ending inventory plus the number of units in beginning inventory 25) 25) Galina, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month $69,000 June July August September October 78,500 78,100 76,000 78,200 All purchases are paid for as follows: 40 % in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October. A) $15,420 B) $7600 C))$54,520 D) $46,920 26) Kuzma Foods, Inc. has budgeted sales for June and July at $680,000 and $750,000, respectively. Sales are 90% credit, of which 70 % is collected in the month of sale and 30 % Is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? A) $183,600 B) $675,000 C) $225,000 D) $202,500