Just comment whatever questions you can answer. Do not need help answering all. I would like all answered but don't need all. Just like to check work and answers.

Question 1

4pts

During the month of March a deep freeze destroyed a large supply of grapes in North America.Good Wine Co. who uses grapes to make wine can expect what type of variance as a result of the deep freeze?

Group of answer choices

A. an unfavorable labor efficiency variance.

B. a favorable materials price variance.

C. an unfavorable materials price variance.

D. a favorable materials quantity variance.

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Question 2

4pts

Which of the following statements is not correct?

Group of answer choices

The sales budget is the starting point in preparing the master budget.

The sales budget is constructed by multiplying the expected sales in units by the sales price.

The sales budget generally is accompanied by a computation of expected cash receipts for the forthcoming budget period.

The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period.

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Question 3

4pts

1. Budgeted sales in Allen Company over the next four months are given below:

Sept: $100,000Oct: $160,000Nov: $180,000Dec: $120,000

Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be:

Group of answer choices

$138,000

$133,500

$120,000

$103,500

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Question 4

4pts

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for June will be:

Group of answer choices

$15,000

$1,000

$17,000

$204,000

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Question 5

4pts

The materials quantity variance should be computed

Group of answer choices

A. based upon the difference between the actual and standard quantity of material used in production times the actual rate paid for the materials

B. based upon the amount of materials used in production

C. based upon the difference between the actual and standard prices per unit times the actual quantity used.

D. only when there is a difference between standard and actual cost per unit for the materials

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Question 6

4pts

MonthPurchasesSalesJan$160,000$100,000Feb$160,000$200,000Mar$160,000$240,000Apr$140,000$300,000May$140,000$260,000June$120,000$240,000

Forty percent of purchases are paid for in cash at the time of purchase, 30% are paid for in the following month and the remaining 30% is paid in the 2nd month after the purchase.Employee wages are paid in cash each month and amount to 10% of sales for the month in which the sales occur. Selling and administrative expenses are paid in cash each month and amount to 20% of the following month's sales. Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be:

Group of answer choices

$140,000

$254,000

$200,000

$248,000

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Question 7

4pts

When actual revenues are less than budgeted revenues

Group of answer choices

A. an unfavorable spending variance would be reported.

B. a favorable spending variance would be reported.

C. an unfavorable revenue variance would be reported.

D. a favorable revenue variance would be reported.

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Question 8

4pts

Wadhams Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $430 per snow-day. For the month of December, the company planned for activity of 16 snow-days, but the actual level of activity was 21 snow-days. The actual vehicle operating cost for the month was $11,470. The vehicle operating cost in theplanningbudget for December would be closest to:

Group of answer choices

A. $10,930

$11,470

$8,739

$8,780

Question 10

4pts

The flexible budget spending variance for expendables in September would be closest to:

Group of answer choices

$1,185 F

$1,185 U

$750 F

$750 U

Question 12

4pts

The total fixed cost at the activity level of 3,400 guest-days per month should be

Group of answer choices

$52,360

$35,420

$95,880

$64,860

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Question 14

4pts

The materials quantity variance for March is

Group of answer choices

$900 favorable

$1,950 favorable

$1,950 unfavorable

$900 unfavorable

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Question 15

4pts

The labor rate variance for March is:

Group of answer choices

$4,578 unfavorable

$1,470 unfavorable

$4,578 favorable

$1,470 favorable

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Question 16

4pts

The labor efficiency variance for March is:

Group of answer choices

$480 favorable

$480 unfavorable

$192 favorable

$192 unfavorable

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Question 17

4pts

The variable rate manufacturing overhead variance for March is:

Group of answer choices

$320 unfavorable

$320 favorable

$40 unfavorable

$40 favorable

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Question 18

4pts

Which of the following is not a benefit of budgeting?

Group of answer choices

It reduces the need for tracking actual cost activity.

It reduces the need for tracking actual cost activity.

It uncovers potential bottlenecks.

It formalizes a manager's planning efforts.

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Question 20

4pts

The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is:

Group of answer choices

$6,000 increase

$10,000 decrease

$22,000 decrease

$15,000 increase

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Question 21

4pts

A planning budget

Group of answer choices

should be compared to actual costs to assess how well costs were controlled.

should be compared to a flexible budget to assess how well costs were controlled.

contains a budgeted level of activity and budgeted rates.

contains the actual level of activity for the period.

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Question 22

4pts

Which department should usually be held responsible for an unfavorable materials price variance?

Group of answer choices

Production

Materials Handling

Engineering

Purchasing

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Question 23

4pts

Petersheim Snow Removal's cost formula for its vehicle operating cost is $1,750 per month plus $484 per snow-day. For the month of November, the company planned for activity of 15 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $8,360. The vehicle operating cost in theflexiblebudget for November would be closest to

Group of answer choices

$8,526

$8,409

$9,010

$8,360