Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $53,000. Budgeted cash receipts total $137,000 and budgeted cash
Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $53,000. Budgeted cash receipts total $137,000 and budgeted cash disbursements total $132,000. The desired ending cash balance is $76,000. To attain its desired ending cash balance for March, the company needs to borrow: Multiple Choice $134,000 $76,000 $0 LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.3 hours of direct labor at the rate of $19.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 42,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 640 and 140 units, respectively. Budgeted direct labor costs for June would be: Multiple Choice $1,851,050 $1,813,550 $1,832,300 $1,851,050 $1,813,550 $1,832,300 $790,500 The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicate 9,700 direct labor-hours will be required in February. The variable overhead rate is $8.30 per direct labor-hour. The companys budge fixed manufacturing overhead is $137,740 per month, which includes depreciation of $18,140. All other fixed manufacturing overhead represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be: Multiple Choice $8.30 per direct labor-hour $20.20 per direct labor hour $2250 per direct labot hour Multiple Choice $134,000 $76,000 $0 $18,000 $8.30 per direct labor-hour $2020 per direct labor-hour $2250 per direct labor-hour $14.20 per direct labor-hour Which of the following performance measures will increase if inventory decreases and all else remains the same
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started