Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions