L mation given below to answer questions 61 -64 Diamond Company is in the process of preparing its calendar-year 20X1 budget. Diamond Company produces and sells two products, Jade and Ruby. Projected information for 20X1 is as follows: Sales10,000 Jadeunits Ruby Unit selling price $10 $15 8,000 December 31,203 FG Inventory (units) Jade Ruby 500 200 December 31, 20X0 400 300 Direct Labor Hours per unit 0.2 0.3 Dollars per unit $1.00 $1.50 Average rate per hour $10 $10 Jade Ruby Direct Materials Jade Ruby Factory Overhead (80% fixed Jade Ruby Dollars per hour ofdirect labor $6 $6 61. The 20XI production budget would show how many units of product Jade being produced? A. 10,000 B. 10,500 C 10,100 D. 9,900 62 Completely independent to your solution for the question #61 above, assume that the 20X1 production budget showed the following: 20X1 Required Production Jade Ruby units 10,000 8,000 The direct labor budget would include what total dollar amount (i.e. the sum required for Jade and Ruby). A. $180,000 B. $20,000 C. $90,000 D.)$44,000 63. Completely independent to your solution for the question #61 above assume that the 20X1 production budget showed the following: 20X1 Required Production Jade # units 10,000 8,000 For only Jade prepare a budgeted contribution margin income statement to determine the contribution margin (for production costs). A. S58,000 B. $70,000 C.$54,400 $67,600 Completely independent to your solution for the question #61 above assume that the 20XI production budget showed the following: 64, 20X1 Required Production Jade Ruby # units 10,000 8,000 For only Jade prepare the first three lines of a budgeted absorption costing income statement to determine the gross margin (gross profit). 0 A $58,000 B. $10,000 C. $60,400 D. $70,000 65. Holiday Company is estimating the following sales: $40,000 $48,000 $45,000 $44,000 $46,000 $50,000 July August September October November December Sales at Holiday Company are normally collected as follows: 10% in the month of sale; 60% in the month following the sale, and the remaining 30% in the second month following the sale. In Holiday's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? A. S63,200 (B) $58,800 C. $46,400 D. S68,200 Brester Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study Brester Corporation Order Fulfillment Department Data Inputs Resource Data Number of employees Average salary per employee Weeks of employment per year.. Minutes available per week (40 hours x 60 minutes)..... Practical capacity percentag 4 50 85% | 2,400 Processing Preparing Handling Deliveries Activity Data: Returns 40 Orders Minutes per unit of the activity 12 Customer M Customer N All Customers Cost Object Data: Number of orders processed... Number of deliveries prepared Number of returns handled.. 28 16 0 12,840 8,970 460 10 Prepare a time-driven activity-based costing Customer Cost Analysis report to determine the total Order Fulfillment Department cost assigned to Customer M. Cost assigned to Customer M (round to the nearest dollan)89
