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Chapter Budgets-Extra Problem Set 1. Martin Company sells a certain and the desired ending inventory is 32,000 forecasted sales revenue from the product? product for $15 per unit. The beginning inventory is 40,000 units units. If budgeted production is 100,000 units, what is the If A) $1,380,000 B) $1,500,000 C) $1,600,000 D) $1,620,000 Use this information for questions 2-4 2. C.J.'s Cookie Company produces chocolate chip cookies. Raw materials inventory includes flour ps at standard cost of $5.00 per pound. CJ. uses 1/20 of a pound of raw materials per cookie. CJ's anticipates quarterly sales as Tollows: .0 Budgeted Sales, 1st quarter 2012 Budgeted Sales, 2nd quarter 2012 Budgeted Sales, 3rd quarter 2012 Budgeted Sales, 4th quarter 2012 Budgeted Sales, 1st quarter 2013 300,000 Cookies 400,000 Cookies 250,000 Cookies 500,000 Cookies 300,000 Cookies 2. Beginning finished goods inventory is 90,000 cookies. Beginning raw materials inventory is 6,000 pounds. Target raw materials 30% of next quarter's sales. What is the forecasted production for the second quarter, 2012? 40% of next quarter's material needs. Target finished goods inventory is A) 355,000 B) 330,000 C) 325,000 D) 400,000 Is that need to be purchased for the first 3. What is the budgeted amount of pounds of direct materia quarter, 2012 sco.co r2o.cool . 30. ues.cod) e u 20.000 16,500 17,150 C) 17,600 D) 23,600 0,053 x.05per pourd 10 500 4. What is the budgeted cost of direct materials that need to be purchesed for the second quarter, 20122 A) $88,750 B) $17,150 C) $121,250 D) $85,750