QUESTION 7 Daniel, Inc , plans to produce 4800 ceramic vases The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Total monthly budgeted FMOH is 50,000 dollars but is allocated at $11 00 Information regarding the budgeted variable costs are given below Input standard Price standard Budgeted Cost per unit Direct materials 1 lbs $1 00 lb $1 00 Direct labor 2 $10 hr $20 Variable MOH 1 mh $2 mh $2 00 The following inventory levels apply to 20X4 Beginning inventory Ending inventory Direct materials 750 lbs 1000 lbs WIP 0 units 0 units Finished goods 300 vases 400 vases What is the budgeted overhead expense for the month 8 5 points QUESTION 8 Daniel, Inc , plans to produce 4100 ceramic vases The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Total monthly budgeted FMOH is 50,000 dollars but is allocated at $10 00 Information regarding the budgeted variable costs are given below Input standard Price standard Budgeted Cost per unit Direct materials 3 lbs $1 00 lb $3 00 Direct labor 2 $10 hr $20 Variable MOH 1 mh $1 mh $1 00 The following inventory levels apply to 20X4 Beginning inventory Ending inventory Direct materials 750 lbs 1000 lbs WIP 0 units 0 units Finished goods 300 vases 400 vases What is the budgeted cost of goods manufactured for the month 8 5 points QUESTION 9 Daniel, Inc , plans to produce 4300 ceramic vases The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Total monthly budgeted FMOH is 50,000 dollars but is allocated at $9 00 Information regarding the budgeted variable costs are given below Input standard Price standard Budgeted Cost per unit Direct materials 3 lbs $1 00 lb $3 00 Direct labor 1 $10 hr $10 Variable MOH 1 mh $3 mh $3 00 The following inventory levels apply to 20X4 Beginning inventory Ending inventory Direct materials 750 lbs 1000 lbs WIP 0 units 0 units Finished goods 300 vases 460 vases What is the budgeted cost of the units in ending inventory at the end of the month 8 5 points QUESTION 10 Daniel, Inc , plans to produce 5000 ceramic vases The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Total monthly budgeted FMOH is 50,000 dollars but is allocated at $9 00 Information regarding the budgeted variable costs are given below Input standard Price standard Budgeted Cost per unit Direct materials 4 lbs $1 00 lb $4 00 Direct labor 2 $10 hr $20 Variable MOH 1 mh $4 mh $4 00 The following inventory levels apply to 20X4 Beginning inventory Ending inventory Direct materials 750 lbs 1000 lbs WIP 0 units 0 units Finished goods 300 vases 400 vases What is the budgeted cost of goods sold for the month 8 5 points QUESTION 11 Daniel, Inc , plans to sell 4700 ceramic vases at $54 per vase The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Total monthly budgeted FMOH is 50,000 dollars but is allocated at $10 00 Information regarding the budgeted variable costs are given below Input standard Price standard Budgeted Cost per unit Direct materials 4 lbs $1 00 lb $4 00 Direct labor 2 $10 hr $20 Variable MOH 1 mh $2 mh $2 00 The following inventory levels apply to 20X4 Beginning inventory Ending inventory Direct materials 750 lbs 1000 lbs WIP 0 units 0 units Finished goods 300 vases 400 vases What is the budgeted gross margin for the month 8 5 points QUESTION 12 Daniel, Inc , plans to sell 4700 ceramic vases The current material cost is the same as material purchased in prior periods The current total production cost per unit is the same as cost of units made in prior periods Monthly budgeted fixed operating costs are $70,000 Monthly budgeted variable operating costs are $6 00 per unit What are the total budgeted operating expenses for this month

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QUESTION 7 Daniel, Inc., plans to produce 4800 ceramic vases. The current material cost is the same as material purchased in prior periods. The current

QUESTION 7

Daniel, Inc., plans to produce 4800 ceramic vases.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Total monthly budgeted FMOH is 50,000 dollars but is allocated at $11.00.

Information regarding the budgeted variable costs are given below:

Input standard

Price standard

Budgeted Cost per unit

Direct materials

1 lbs

$1.00 /lb

$1.00

Direct labor

2

$10/hr

$20

Variable MOH

1 mh

$2/mh

$2.00

The following inventory levels apply to 20X4:

Beginning inventory

Ending inventory

Direct materials

750 lbs

1000 lbs

WIP

0 units

0 units

Finished goods

300 vases

400 vases

What is the budgeted overhead expense for the month?

8.5 points

QUESTION 8

Daniel, Inc., plans to produce 4100 ceramic vases.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Total monthly budgeted FMOH is 50,000 dollars but is allocated at $10.00.

Information regarding the budgeted variable costs are given below:

Input standard

Price standard

Budgeted Cost per unit

Direct materials

3 lbs

$1.00 /lb

$3.00

Direct labor

2

$10/hr

$20

Variable MOH

1 mh

$1/mh

$1.00

The following inventory levels apply to 20X4:

Beginning inventory

Ending inventory

Direct materials

750 lbs

1000 lbs

WIP

0 units

0 units

Finished goods

300 vases

400 vases

What is the budgeted cost of goods manufactured for the month?

8.5 points

QUESTION 9

Daniel, Inc., plans to produce 4300 ceramic vases.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Total monthly budgeted FMOH is 50,000 dollars but is allocated at $9.00.

Information regarding the budgeted variable costs are given below:

Input standard

Price standard

Budgeted Cost per unit

Direct materials

3 lbs

$1.00 /lb

$3.00

Direct labor

1

$10/hr

$10

Variable MOH

1 mh

$3/mh

$3.00

The following inventory levels apply to 20X4:

Beginning inventory

Ending inventory

Direct materials

750 lbs

1000 lbs

WIP

0 units

0 units

Finished goods

300 vases

460 vases

What is the budgeted cost of the units in ending inventory at the end of the month?

8.5 points

QUESTION 10

Daniel, Inc., plans to produce 5000 ceramic vases.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Total monthly budgeted FMOH is 50,000 dollars but is allocated at $9.00.

Information regarding the budgeted variable costs are given below:

Input standard

Price standard

Budgeted Cost per unit

Direct materials

4 lbs

$1.00 /lb

$4.00

Direct labor

2

$10/hr

$20

Variable MOH

1 mh

$4/mh

$4.00

The following inventory levels apply to 20X4:

Beginning inventory

Ending inventory

Direct materials

750 lbs

1000 lbs

WIP

0 units

0 units

Finished goods

300 vases

400 vases

What is the budgeted cost of goods sold for the month?

8.5 points

QUESTION 11

Daniel, Inc., plans to sell 4700 ceramic vases at $54 per vase.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Total monthly budgeted FMOH is 50,000 dollars but is allocated at $10.00.

Information regarding the budgeted variable costs are given below:

Input standard

Price standard

Budgeted Cost per unit

Direct materials

4 lbs

$1.00 /lb

$4.00

Direct labor

2

$10/hr

$20

Variable MOH

1 mh

$2/mh

$2.00

The following inventory levels apply to 20X4:

Beginning inventory

Ending inventory

Direct materials

750 lbs

1000 lbs

WIP

0 units

0 units

Finished goods

300 vases

400 vases

What is the budgeted gross margin for the month?

8.5 points

QUESTION 12

Daniel, Inc., plans to sell 4700 ceramic vases.

The current material cost is the same as material purchased in prior periods.

The current total production cost per unit is the same as cost of units made in prior periods.

Monthly budgeted fixed operating costs are $70,000.

Monthly budgeted variable operating costs are $6.00 per unit.

What are the total budgeted operating expenses for this month?