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At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct $170,000, fixed factory overhead of $28,000 for 8,000 hours of
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct $170,000, fixed factory overhead of $28,000 for 8,000 hours of production. The department actually com 10,000 hours of production. What appropriate total materials of is the appropriate total budget for the department, assuming it uses flexible budgeting? a. $288,000 b. $305,000 c. $350,000 d. $378,000 poration sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 90,000 units. The quantities of materials expected to be used for each unit of finished product are given below Material A-0.50 lb. per unit @SO.70 per pound Material B -1.00 lb. per unit @$1.70 per pound Material -120 lb, per unit @ S1.00 per pound The dollar amount of Material A used in production during the year is a. $217,700 b. $528,700 c. $311,000 d. $224,600 Fashion Jeans, Inc. sells two lines of jeans-Simple Life and Faney Life. Simple Life sells for $85, and Fancy Life sells for $100. The company sells all of its Jeans on redit and estimates that 60% is collected in the month of the sale, 35% 1s collected in the following month, and the rest is considered to be collectible. The estimated sales for Simple are: January, 20,000 pairs of jeans; February, 27,500 pairs of jeans; and March, 25,000 pairs of jeans. The estimated sales for Fancy are: January, 18,000 pairs of jeans; February, 19,000 pairs of jeans; and March, 20,500 pairs of jeans. What are the expected cash receipts for the month of March? a. $3.988,125 b. $2,505,000 c. $2,125,000 d. $4,175,000
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