I have more work for you 20 questions..

page to 20: Select the best answer to each question. Note that a questiou and its answers may be split across a bieak, so be sure that you have seen the entire question and all the answers before choosing an answer. euestions I Last year, the House of Orange had sales of $826,650, net operating lnPme of $81,000, and operating. assets of $g+,000 at the beginniig of the year and $90,000 at the eud of the year. What was the company's turnover rounded to the nearest tenth? l. A. 10.2 B.9.8 c.9.2 D.9.s Use the following information to answer this question. Cole Laboratories makes and sells a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows: Standard Quantity Direct material Direct labor Variable overhead 20 pounds 0.1 hours 0.1 hours Standard Cost per bag $8.00 $1.10 $0.40 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production oo tn* basis 6f rt oA*a direct-labor hours. During January, the company recorded the following activity: . Production of Fastgro: 4,000 bags . Direct materials purchased: 85,000 pounds at a cost of $32,300 . Direct-labor worked: 390 hours at a cost of $4,875 . Variable overhead incurred: $1,475 . Inventory of direct materials on January 31: 3,000 pounds 2, The labor rate variance for January is A. $475 U. B. $585 U. c. $s85 F. D. $47s F. Usd the following information to answer this question. Werber Clinic uses client visits as its measure of activity. During January, the clinic budgeted for 2,700 client visits, but its actual level of activity was 2,730 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: element month Fixed per Revenue Personnel expenses $22Joo Medical supplies 1,100 5,600 Occupancy expenses 3,700 Administrative expenses Total expenses $32,500 Variable element per client-visit uo $*1?3 6.60 1.60 0.40 $17.30 Actual results for January: Revenue $93,408 Personnel expenses 546,251 Medical supplies S19,348 expenses Occupancy $9,508 Administrative expenses $4,772 3. The activity variance for adminisfiative expenses in January would be closest to A. $8 U. B. $12 U. c. $8 F. D. $12 F. Use the following information to answer this question. The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information : . Sales were at $450,000, all for cash. . Merchandise inventory on October 31 was $200,000. . The cash balance on November I was $18,000. . Selling and administative expenses are budgeted at $60,000 for November and are paid for in cash. . Budgeted depreciation for November is $25,000. . The planned merchandise inventory on November 30 is $230,000. . The cost of goods sold is 70Yo of the selling price. . All purchases are paid for in cash. 4. The budgeted net income for November is A. $68,000. B. $75,000. c. $135,000. D. $50,000. 5. Which of the following will not result in an increase in return on investnent (ROI), assuming other factors remain the same? A. An increase in operating assets B. An increase in sales C. A reduction in expenses D. An increase in net operating income Use the following information to answer this question. Moorhouse Clinic uses client visits as its measure of activity. During December, the clinic budgeted for 3,700 client visits, but its actual level of activrty was 3,690 client visits. The clinic has provided the following data conceming the formulas used in its budgeting and its actual results for December: Data used in budgeting: element Fixed per month Revenue Personnel Medical supplies Occupancy expenses expenses Administrative Total expenses expenses Acfual results for December: Revenue Personnel Medical supplies Occupancy Administrative expenses expenses expenses $27,100 1,500 6,000 3,000 $37,600 Variable element per client-visit $25.10 $7.10 4.50 1.00 0.10 $12.70 $96,299 $51,009 $17,425 $9,240 53,239 6. The personnel expenses in the planning budget for December would be closest to A. $51,147. B. $51,009. c. $53,370. D. S53,299. Use the following information to answer this question. Werber Clinic uses client visits as its measwe of activity. During January, the clinic budgeted for 2,700 client visits, but its actual level of activity was 2,730 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: element month Fixed per Variable element per client-visit ReVenui: Personnel expenses 522,100 Medical supplies 1,100 Occupancy expenses 5,600 Administrative expenses 3,700 Total expenses $32,500 $33.60 $8.70 6.60 1.60 0.40 $17.30 Actual results for January: Revenue $93,408 Personnel expenses $46,251 Medical supplies $19,348 Occupancy expenses $9,508 Administrative expenses 54,772 7. The activity variance for net operating income in January would be closest to A. $489 U. B. S2,019 F. c. $2,019 u. D. $489 F. Use the following information to answer this question. Cole Laboratories makes and sells a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows: Direct material Direct labor Variable overhead Standard Quantity 20 pounds 0.1 hours 0.1 hours Standard Cost per bag $8.00 $1.10 $0.40 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production on the basis of standard direct-labor hours. During January, the company recorded the following activity: . Production of Fastgro: 4,000 bags . Direct materials purchased: 85,000 pounds at a cost of $32,300 . Direct-labor worked: 390 hours at a cost of $4,875 . Variable overhead incurred: S1,475 . Inventory of direct materials on January 31: 3,000 pounds 8. The materials price variance for January is A. $1,300 U. B. $1,640 U. c. $1,700 F. D. $1,640 F. Use the'follorving information to answer this question. Moorhouse Clinic uses client visits as its measure of activity. During December, the clinic budgeted for 3,70A ctent visits, but its actual level of activity was 3,690 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: element month Revenue Personnel expenses SZZf OOMedical supplies 1,500 6,000 Occupancy expenses 3,000 Administrative expenses Total expenses $37,600 Variable element per client-visit Fixed per S25.10 $7.10 4.50 1.00 0.10 $12.70 Actual results for Decernber: Revenue $96,299 Personnel expenses $51,009 Medical supplies $17,425 expenses $9,240 Occupancy Administrative expenses 93,239 9. The medical supplies in the flexible budget for December would be closest to A. $18,105. 8.517,472. c. s17,378. D. $18,150. Use the follorving information to anslver this question. Cole Laboratories makes and sells a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows: Direct material Direct labor Variable overhead Standard Quantity 20 pounds 0.1 hours 0.1 hours Standard Cost per bag $8.00 $1.10 $0.40 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production on the basis of standard direct-labor hours. Dtring January, the company recorded the following activity: . Production of Fastgro: 4,000 bags . Direct materials purchased: 85,000 pounds at a cost of $32,300 . Direct-labor worked: 390 horxs at a cost of $4,875 . Variable overhead incurred: $1,475 . Inventory of direct materials on January 31: 3,000 pounds B. $130 u. c. s475 F. D. $350 U. Use the following information to answer this question. Moorhouse Clinic uses client visits as its measrrre of activity. During December, the clinic budgeted for 3,700 client visits, but its actual level of activity was 3,690 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed element per month Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for December: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $27,100 1,500 6,000 3,000 $37,600 Variable element per client-visit $25.10 $7.10 4.s0 1.00 0.10 s12.70 s96,299 $51,009 $17,425 89,240 s3,239 11. The activity variance for personnel expenses in December would be closest to A. $71 F. B. 52,361 F. c. $2,361 U. D. S71 U. 12. Lyons Company consists of two divisions, A and B. Lyons Company reported a contribution margin of $50,000 for Division A and had a contribution margin ratio of 30% in Division B, when sales in Division B were $200,000. Net operating income for the company was $25,000, and traceable fixed oxpenses were $40,000. Lyons Company's common fixed expenses were A. $70,000. B. $45,000. c. $40,000. D. 585,000. : Use the following information to answer this question. The Adams Company, a merchandis,ing firm, has budgeted its activrty for November according to the following information : . Sales were at $450,000, all for cash. . Merchandise inventory on October 31 was $200,000. . The cash balance on November 1 was $18,000. . Selling and administative expenses are budgeted at $60,000 for November and are paid for in cash. . Budgeted depreciation for November is $25,000. . The planned merchandise inventory on November 30 is $230,000. . The cost of goods sold is 70o/o of the selling price. . All purchases are paid for in cash. 13. The budgeted cash disbursements for November are A. $345,000. B. $405,000. c. s375,000. D. $530,000. 14. The Charade Company is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable factory overhead is $5.00 per direct-labor hour; the budgeted fixed factory overhead is $75,000 per month, of which S15,000 is factory depreciation. If the budgeted dkect-labor time for December is 8,000 hours, then total budgeted factory overhead per direct-labor hour (rounded) is A. $12.s0. B. S14.38. c. $16.25. D. $9.38. Use the following information to answer this question. Moorhouse Clinic uses client visits as its measure of activity. During December, the cliaic budgeted for 3,700 client visits, but its actual level of activity was 3,690 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Personnel Medical supplies Occupancy expenses expenses Administrative Total expenses expenses Fixed element per month $27,100 1,500 6,000 3,000 s37,600 Variable element per client-visit $25.10 $7.10 4.50 1.00 0.10 $12.70 Arctual results for December: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $96,299 $51,009 917,425 s9,240 $3,239 15. The revenue variance for December would be closest to A. $3,680 U. B. $3,429 U. c. $3,680 F. D. $3,429 F. 16. Manufacturing Cycle Efficiency (MCE) is computed as A. Value-Added Time divided by Delivery Cycle Time. B. Value-Added Time divided by Throughput Time. C. Throughput Time divided by Delivery Cycle Time. I). Process Time divided by Delivery Cycle Time. 17. There are various budgets within the master budget. One of these budgets is the production budget. Which of the following Desl describes the production budget? A. It summarizes the costs of producing units for the budget period. B. It details the required direct-labor hours. C. It details the required raw materials purchases. D. Ifs calculated based on the sales budget and the desired ending inventory. 18, The company plans to sell 22,000 units of Product lMZ in June. The finished-goods inventories on June I and June 30 are budgeted to be 100 and 400 units, respectively. The direct labor houE-are 11.000 and the direct labor rate is $10.50. Budgeted direct-labor costs for June would be A. $234,150. B. $462,000. c. $117,075. D. S455,700. 19. Division X of Charter Corporation makes and sells a single product which is used by manufacturers of fork tift trucks. Presently it sells 12,000 units per year to outside customers at$24 per unit. The annual capacrty is 20,000 units and the variable cost to make each unit is $16. Division Y of Charter Corporation would like to buy 10,000 units a year from Division X to use in its products. There would be no cost savings from ffansferring the units within the company rather than selling them on the outside market. What should be the lowest acceptable transfer price from the perspective of Division X? A. $17.60 B. $24.00 c. s21.40 D. $16.00 20. The cash budget must be prepared before you can complete the A. production budget. B. raw materials purchases budget. C, budgeted balance sheet. D. schdrle of End ofexam cash disbursemeirts. \fQuestion Number Your Answer Answer 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. D B A D A C B C A D C D B A D B D C A C Correct Correct Incorrect Correct Correct Correct Incorrect Correct Correct Incorrect Incorrect Incorrect Correct Incorrect Incorrect Correct Correct Correct Correct Correct Reference extra questions are not correct as well, unfortunately. The answers you got are probably copied from same website I've got. Regards EC