Thanks!

QUESTION 3 Meow Products Ltd. in the US produces and sells scratching posts for cats. In the current year, the company had expected to sell 12 000 posts but actually produced and sold 10 000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labour: 15 minutes @ $0.30 per minute In the current year, 38 000 feet of material were purchased out of which 35 000 feet were used at a cost of $1.55 per foot, and 160 000 direct labour minutes were incurred at a cost of $0.32 per minute. The company's direct materials usage variance for the current year was: $14000 F O $1750 F 0 58750 U $3500 U QUESTION 5 A budget built from the ground up each year rather than by simply adding a percentage increase to last year's numbers is called: O a zero-based budget a static budget a master budget a flexible budget QUESTION 6 Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: O $2 255 000 O $2 000 000 O $2645 000 O $2 185 000 QUESTION 8 Avery Inc. would like to prepare a summary cash budget for June. The following information is available: The cash balance at 1 June was estimated to be $15 000. June sales, all on account, were estimated to be $85 000. Sales are collected over a two-month period with 60 per cent collected in the month of sale and the remainder in the subsequent month. . May sales on account were $75 000. Inventory purchases are expected to be $60 000 in June. The company pays for one-half of inventory purchases in the month of purchase and the remainder in the subsequent month. May purchases were $50 000. Cash disbursements for selling and administrative expenses are expected to be $7000 in June. Depreciation expense for June is expected to be $4000. What is the cash balance at the end of June expected to be? O $29 000 O $34 000 O $28 500 O $32 500