PART 3: MULTIPLE CHOICE QUESTIONS (QUANTITATIVE QUESTIONS) . Please choose the correct one. (10 6 points- 60 points) 1. The following information is taken from the production budget for the first quarter: Beginning inventory in units Sales budgeted for the quarter 1,200 426,000 Capacity in units of production facility 472,000 How many finished goods units should be produced during the quarter if the company desires 3,200 units available to start the next quarter? a. 428,000 b. 424,000 C. 474,000 d. 429,200 The direct materials budget shows: Units to be produced Total pounds needed for production Total materials required 3,000 9,000 9,900 What are the direct materials per unit? a. .33 pounds b. 3.0 pounds C. 3.3 pounds d. Cannot be determined from the data provided. 3. Kam Department Store reported the following information for 2022: December October November $1,440,000 $1,160,000 Budgeted sales $1,240,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in th following month. How much cash will Kam receive in November? a. $580,000 b. $1,300,000 c. $1,200,000 d. $1,160,000 4. Grey Company has 24,000 units in beginning finished goods. If sales are expected to be 120,000 units for the year and Grey desires ending finished goods of 30,000 units, how ma units must the company produce? a. 114,000 b. 120,000 C. 126,000 d. 150,000 5. Stone Industries uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $48,000 variable and $270,000 fixed. If Stone had actual c costs of $321,000 for 18,000 units produced, what is the difference between actual and budgeted costs? a. $3,000 unfavorable $3,000 favorable b. $9,000 unfavorable $12,000 favorable 3 2. C. d