Please review the following information involving labor costs for the current period:

Standard costs	9,000 hours at $5.50
Actual costs	8,750 hours at $5.75

Compute the direct labor rate variance?

Question 6 options:

A)	$2,250.00 unfavorable

B)	$2,187.50 unfavorable

C)	$1,438.00 favorable

D)	$1,375.00 favorable

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Question 7(5 points)

Roscoe Enterprises has sales for a three-month period as follows: May, $240,000; June, $280,000; July, $275,000. All sales are on account, and history has shown that accounts receivable are typically collected 10% in the month of the sale, 60% in the month after the sale, and 30% two months after the sale. What are Roscoe's expected cash collections in the month of July?

Question 7 options:

A)

$267,500

B)

$172,000

C)

$275,000

D)

$280,000

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Question 8(5 points)

Mega Manufacturing has a budget to sell 100,000 units of a certain product at a selling price of $35 per unit. Variable costs for materials, labor, and overhead are $18 per unit. Fixed cost is $800,000. Actual sales were 110,000 units, and management would like to see actual manufacturing performance compared to a budget adjusted for volume (flexible budget). What would be the adjusted budgeted operating profit?

Question 8 options:

A)	$1,870,000

B)

$900,000

C)	$1,070,000

D)

$990,000

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Question 9(5 points)

A company president wants the chief financial officer to tell him how many sales are required to make a $1,000,000 operating profit. Variable production costs are 70% of sales, and fixed costs are $2,750,000. What are the required sales, rounded to the closest dollar?

Question 9 options:

A)	$8,750,000

B)	$5,357,143

C)	$9,166,667

D)	$12,500,000

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Question 10(5 points)

Top Dog Company has a budget with sales of 5,000 units and $3,200,000. Variable costs are budgeted at $1,750,000, and fixed overhead is budgeted at $900,000. What is the budgeted manufacturing cost per unit?

Question 10 options:

A)

$350

B)

$530

C)

$640

D)

$460

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Question 11(5 points)

Zarena was reviewing the water bill for her dog day care and spa and determined that her highest bill, $3,800, occurred in May when she washed 400 dogs and her lowest bill, $2,400, occurred in November when she washed 200 dogs. What was the variable cost per dog associated with Zarenas water bill?

Question 11 options:

A) $6.00

B) $12.00

C) $9.50

D) $7.00

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Question 12(5 points)

Alaska King Crabs Inc has provided the following information for the month of December:

	King Crabs	King Crab Legs
Estimated beginning inventory	30,000 units	18,000 units
Desired ending inventory	32,000 units	15,000 units
Region I, anticipated sales	320,000 units	260,000 units
Region II, anticipated sales	190,000 units	130,000 units

The unit selling price for product King Crabs is $5 and for product King Crab Legs is $14. Budgeted sales for the month are:

Question 12 options:

$2,040,000

$4,680,000

$6,692,000

$8,010,000

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Question 13(5 points)

Vatsala sells hand-knit scarves at the flea market. Each scarf sells for $25.Vatsala pays $30 to rent a vending space for one day. The variable costs are $15 per scarf. What total revenue amount does she need to earn to break even?

Question 13 options:

A) $85

B) $75

C) $50

D) $100

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Question 14(5 points)

Brielle Company sells glass vases at a wholesale price of $2.50 per unit. The variable cost of manufacture is $1.75 per unit. The monthly fixed costs are $7,500. Brielles current sales are 25,000 units per month. If Brielle wants to increase operating income by 20%, how many additional units, must Brielle sell? (Round your intermediate calculations to two decimal places)

Question 14 options:

A) 145,000 glass vases

B) 7,500 glass vases

C) 13,500 glass vases

D) 3,000 glass vases

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Question 15(5 points)

Venkat Company has provided the following information regarding the two products that it sells:

Jet Boats Ski Boats

Sales Price per unit $8000 $20000

Variable Cost per unit 4800 14000

Annual fixed costs are $280,000.

How many units must be sold in order for Venkat to breakeven, assuming that Venkat sells five jet boats for every two ski boats sold?

Question 15 options:

A) 70 jet boats and 28 ski boats

B) 50 jet boats and 20 ski boats

C) 20 jet boats and 50 ski boats

D) 45 jet boats and 28 ski boats

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Question 16(5 points)

White Marsh Company has prepared the following sales budget:

Month Budgeted Sales

March $200,000

April 180,000

May 220,000

June 260,000

Cost of goods sold is budgeted at 60% of sales and the inventory at the end of February was $36,000. Desired inventory levels at the end of each month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Question 16 options:

A) $52,000

B) $26,400

C) $43,200

D) $31,200

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Question 17(5 points)

EZ Financing Inc. has prepared the operating budget for the first quarter of 2015. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Variable and fixed expenses are as follows:

Variable: Power cost (40% of Sales)

Miscellaneous expenses: (5% of Sales)

Fixed: Salary expense: $8,000 per month

Rent expense: $5,000 per month

Depreciation expense: $1,200 per month

Power cost/fixed portion: $800 per month

Miscellaneous expenses/fixed portion: $1,000 per month

Calculate total selling and administrative expenses for the month of January.

Question 17 options:

A) $38,500

B) $47,500

C) $41,700

D) $43,000

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Question 18(5 points)

Mumbai Inc. has prepared the following purchases budget:

Month Budgeted Purchases

JUNE $67,000

JULY 72,500

AUGUST 76,300

SEPTEMBER 73,700

OCTOBER 69,200

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate total cash payments made in October for purchases.

Question 18 options:

A) $72,630

B) $70,680

C) $70,520

D) $74,290

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Question 19(5 points)

Mumbai Inc. has prepared the following purchases budget:

Month Budgeted Purchases

JUNE $67,000

JULY 72,500

AUGUST 76,300

SEPTEMBER 73,700

OCTOBER 69,200

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate balance of Accounts payable at the end of October.

Question 19 options:

A) $77,680

B) $91,760

C) $69,330

D) $74,290

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Question 20(5 points)

The budgeted production of Fells Point Inc. is 8,000 units. Each unit requires 40 minutes of direct labor work to complete. The direct labor rate is $100 per hour. Calculate the budgeted cost of direct labor for the month.

Question 20 options:

A) $533,333.33

B) $500,000.00

C) $566,666.66

D) $633,333.33