Q1 Grobots Company prepared the following information for the upcoming four month period:

MonthBudgeted SalesJanuary$75,000February78,000March90,000April110,000Budgeted Expenses per MonthSalaries$25,000Selling Costs$20,000Depreciation$5,000Insurance$3,000

Salaries and selling costs are paid during the month they are incurred.Insurance is paid quarterly on March 31, June 30, September 30, and December 31.

Sales are collected as follows:30% in the month of sale, 65% in the month after sale, and 5% are uncollectable.Purchases are 30% of sales of a given month and are paid in full the following month.

Calculate the cash receipts for April

Select one:

a.$110,000

b.$91,500

c.$68,400

d.$96,000

Q2 Carton Captain manufactures cartons.It expects to sell 350,000 cartons in 2012.The company has enough beginning inventory of direct materials on hand to make 50,000 cartons.The company has 40,000 finished cartons in its beginning inventory and a target ending inventory of 60,000 cartons.Each carton uses 5 grams of direct materials.How many grams of direct materials does Carton Captain need to purchase in 2012?

Select one:

a.1,600,000 g

b.360,000 g

c.350,000 g

d.1,800,000 g

Q3 The standard costs for a manufacturing business are $12 per unit for direct materials, $8 per unit for direct labour, and $5 per unit for manufacturing overhead.The sales projection is for 5,000 units: 3,500 units need to be in inventory at the end of the period and 1,500 units are in inventory at the beginning of the period.The production budget will show costs for that period of

Select one:

a.$175,000

b.$140,000

c.$125,000

d.$150,000

Q4 Bobby Jones Inc. is planning sales of 55,000 units for the next three months.The company has a beginning inventory of 10,000 units and would like to have an ending inventory of 15,000 at the end of the three months.It requires 4 kg of direct materials to make 1 unit of finished product.The opening inventory of direct materials is 50,000 kg and the target ending inventory is 60,000 kg.How many kilograms of direct materials does Bobby Jones need to purchase for the three-month period?

Select one:

a.250,000 kg

b.132,000 kg

c.110,000 kg

d.60,000 kg