Which of the following is usually perceived as being the master budgets greatest advantage to management? A. increased communication B. increased coordination C. required planning D. performance analysis J Companys budgeted sales for January, February, and March are 35,000 units and 25,000 units and 32,000 units respectively. The company has a policy that requires the ending inventory in each period to be 10 percent of the following periods sales. Assuming that the company follows this policy, what quantity of production should be scheduled for February? A. 25,700 units B. 28,200 units C. 24,300 units D. 24,700 units E. 25,000 units To meet production needs, Q Company will need to purchase $30,500 of raw materials in April. All raw materials purchased in a month are paid for in the month following their purchase. The beginning inventory of merchandise for April is $1,500 and an ending inventory for April of $2,000 is desired. The April 1 balance in accounts payable is $13,000. What would be expected to be the April 30 ending balance in accounts payable for Q Company? A. $29,500 B. $31,000 C. $30,500 D. $30,000 E. $13,000 Measuring the firms performance against established objectives is part of which of the following functions? A. Organizing B. Staffing C. Planning D. Controlling A purpose of standard costing is to: A. eliminate the need for actual costing for external reporting purposes B. punish employees who do not reach targets C. replace budgets and budgeting D. simplify costing procedures Which of the following factors should not be considered when deciding whether to investigate a variance? A. whether the variance is controllable or uncontrollable B. whether the variance is favorable or unfavorable C. magnitude of the variance D. trend of the variances over time N Company expects to incur the following per-unit costs for 1,000 units of production: Direct materials of 3 pounds per unit at $5 per pound AND direct labor of hour at $24 per hour AND variable overhead at 75 percent of direct labor costs AND fixed overhead at 50 percent of direct labor cost. What is the total amount of direct labor included in the direct labor budget? A. $28,500 B. $9,000 C. $6,000 D. $7,500 E. $13,500