Question
The difference between actual quantity used and the standard quantity allowed results in a: Standard variance. Budget variance. Quantity variance. Price variance. Cameroon Corp. manufactures
The difference between actual quantity used and the standard quantity allowed results in a:
|
| Standard variance. |
|
| Budget variance. |
|
| Quantity variance. |
|
| Price variance. |
Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:
|
| 10,000 |
|
| 11,249 |
|
| 10,816 |
|
| 11,000 |
Bengal Co. provides the following sales forecast for the next three months:
| July | August | September |
Sales units | 5,000 | 5,700 | 5,560 |
The company wants to end each month with ending finished goods inventory equal to 25% of the next months sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for July are:
|
| 6,250 units. |
|
| 6,425 units. |
|
| 2,500 units. |
|
| 5,175 units. |
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