Crows FC sells AFL footballs. The following data was taken from the most recent quarterly sales forecast.

Month

Expected Sales units

Target Ending Inventory

April

1400

300

May

1675

412

June

1650

425

Crows FC's cost for one football is $45. How many units should the company purchase in May?

Select one:

1672

1675

1478

1787

Acompany'splanforthepurchase ofnon-currentassets,suchasbuildingsandequipment,iscalleda

Select one:

master budget.

financial budget.

capital expenditure budget.

profit plan.

Thepurposesofabudgetinclude

Select one:

controlling profit and operations, and evaluating performance and providing incentives.

planning.

All of the given answers

facilitating communication and coordination.

Which of the following includes a detailed plan for using material, labour and overhead?

Select one:

Budgeted balance sheet.

Operating budget.

Sales forecast.

Cash budget.

The cost equation, y = $57 000 + $2.75x, represents:

Select one:

A fixed cost

A variable cost

A mixed cost

Cannot be determined

The fixed costs per unit are $10 when a company makes 10,000 units. What are the per unit fixed costs when 12,500 units are produced?

Select one:

$12.00

$8.00

$6.00

$10.00

A company's decision on where to locate a new factory is most likely a result of:

Select one:

Controlling planning

Strategic planning

Operational planning

Sales planning

Which of the following is true regarding management accounting?

Select one:

It often must follow established rules called generally accepted accounting principles.

It is less flexible than financial accounting.

Its primary focus is on providing information to external users.

It often emphasises segments rather than the organisation as a whole.