Multiple Choice Question 76

Swifty Corporation provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant.

Consultants' wages$100000Fringe benefits$22500Related overhead$17500Supply clerk's wages$18000Fringe benefits$4000Related overhead$20500Profit margin per hour$20Profit margin on materials15%Total estimated consulting hours5000Total estimated material costs$170000

A consulting job takes 20 hours of consulting time and $180 of materials. The client's bill would be

$1140.

$1212.

$992.

$812.

Multiple Choice Question 99

Vaughn Manufacturing has 8000 units in beginning finished goods. The sales budget shows expected sales to be 31000 units. If the production budget shows that 36000 units are required for production, what was the desired ending finished goods?

13000.

23000.

3000.

8000.