help with accounting 30 question essay

1. Direct materials inventories are kept in pounds in Sunland Company, and the total pounds of direct materials needed for production is 8500. If the beginning inventory is 900 pounds and the desired ending inventory is 1700 pounds, the total pounds to be purchased are
8100.8200.8400.9300.
2. Marigold Corp. required production for June is 122000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired ending inventories of direct material Z are 300000 and 320000 pounds, respectively. How many pounds of direct material Z must be purchased?
354000.
366000.
374000.
386000.
3. Sheffield Corp. determines that 53000 pounds of direct materials are needed for production in July. There are 3100 pounds of direct materials on hand at July 1 and the desired ending inventory is 2700 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?
$155400.
$157800.
$160200.
$162600.
4. Concord Corporation is preparing its direct labor budget for May. Projections for the month are that 37400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May?
$1303200.
$1324800.
$1346400.
$1296000.
5. A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 74000 units on hand, the sales department budgeted sales of 240000 units in June, and the company desires to have 60000 units on hand on June 30. The budgeted cost of goods sold for June would be
$7620000.
$7200000.
$6780000.
$9420000.
6. Sheffield Corp. expects to purchase $120000 of materials in July and $140000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August’s cash disbursements for materials purchases be?
$90000
$105000
$135000
$140000
7. On January 1, Oriole Company has a beginning cash balance of $276000. During the year, the company expects cash disbursements of $1060000 and cash receipts of $860000. If Oriole requires an ending cash balance of $200000, Oriole Company must borrow
$276000.
$200000.
$124000.
$476000.
8. Crane Company has 14000 units in beginning finished goods. If sales are expected to be 20000 units for the year and Crane desires ending finished goods of 20000 units, how many units must the company produce?
14000
20000
26000
40000
9. Coronado Industries’s direct materials budget shows total cost of direct materials purchases for January $310000, February $340000 and March $420000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are
$388000.
$372000.
$340000.
$304000.
10. The production budget shows expected unit sales of 34000. Beginning finished goods units are 3600. Required production units are 35600. What are the desired ending finished goods units?
2000
3600
6200
5200
11. The production budget shows that expected unit sales are 42000. The total required units are 50000. What are the required production units?
8000
12000
16000
Cannot be determined from the data provided
12. A company budgeted unit sales of 184000 units for January, 2020 and 190000 units for February 2020. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month’s budgeted unit sales. If there were 55200 units of inventory on hand on December 31, 2019, how many units should be produced in January, 2020 in order for the company to meet its goals?185800 units
184000 units
182200 units
241000 units
13. At January 1, 2019, Vaughn Manufacturing has beginning inventory of 3000 surfboards. Vaughn estimates it will sell 14000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Vaughn’s policy is to maintain an ending inventory equal to 25% of the next quarter’s sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019?
$637500
2737500
$2634240
$17561.60
14. Sheridan Company is planning to sell 1200 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $16 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 2900 pounds of clay mix in beginning inventory and wants to have 4300 pounds in ending inventory.What is the total amount to be budgeted for manufacturing overhead for the month?
$2068
$5280
$8272
$21120
15. Crane Company plans to sell 260 potted plants during April and 200 units in May. Crane Company keeps 15% of the next month’s sales as ending inventory. How many units should Crane Company produce during April?
251
269
260
290
16. Marigold Manufacturing uses a flexible budget. It has the following budgeted manufacturing costs for 25800 pairs of shoes: Fixed Manufacturing Costs, $12300 and Variable Manufacturing Costs, $11.00 per pair of shoes. If Marigold Manufacturing makes 19900pairs of shoes this month, what are the total budgeted manufacturing cost for the month?
$218900.$296100.$283800.$231200.
17. Marigold Manufacturing uses a flexible budget. It has the following budgeted manufacturing costs for 25800 pairs of shoes: Fixed Manufacturing Costs, $12300 and Variable Manufacturing Costs, $11.00 per pair of shoes. If Marigold Manufacturing makes 19900pairs of shoes this month, what are the total budgeted manufacturing cost for the month?
$218900.$296100.$283800.$231200.
18. Bramble Corp. is evaluating its Piquette division, an investment center. The division has a $54000 controllable margin and $400000of sales. How much will Bramble’s average operating assets be when its return on investment is 10%?
$540000
$594000
$400000
$346000
19. f an investment center has generated a controllable margin of $120000 and sales of $700000, what is the return on investment for the investment center if average operating assets were $2000000 during the period?
6%
17%
29%
35%
20. Bramble Corp. had sales of $460000, variable costs of $185000, and direct fixed costs totaling $100000. The company’s operating assets total $760000, and its required return is 10%. How much is the residual income?
$109000
$99000
$76000
$384000
21. Coronado Industries uses flexible budgets. At normal capacity of 22000 units, budgeted manufacturing overhead is $176000variable and $360000 fixed. If Coronado had actual overhead costs of $553000 for 27000 units produced, what is the difference between actual and budgeted costs?
$23000 favorable
$23000 unfavorable
$17000 favorable
$40000 favorable
22. A department has budgeted monthly manufacturing overhead cost of $480000 plus $3 per direct labor hour. If a flexible budget report reflects $954000 for total budgeted manufacturing cost for the month, the actual level of activity achieved during the month was
478000 direct labor hours.
158000 direct labor hours.
318000 direct labor hours.
cannot be determined from the information provided.
23. For June, Crane Company estimated sales revenue at $400000. It pays sales commissions that are 4% of sales. The sales manager’s salary is $185000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $5000. How much are budgeted selling expenses for the month of July if sales are expected to be $340000?
$22000
$207000
$17000
$210000
24. Marigold Corp. uses flexible budgets. At normal capacity of 7000 units, budgeted manufacturing overhead is: $21000 variable and $270000 fixed. If Stone had actual overhead costs of $295200 for 9000 units produced, what is the difference between actual and budgeted costs?
$1800 unfavorable
$1800 favorable
$5400 unfavorable
$7200 favorable
25. At 11000 direct labor hours, the flexible budget for indirect materials is $22000. If $24400 are incurred at 11400 direct labor hours, the flexible budget report should show the following difference for indirect materials:
$2400 unfavorable.
$2400 favorable.
$1600 favorable.
$1600 unfavorable
26. Waterway Company had the following operating data for the year for its computer division: sales, $640000; contribution margin, $132000; total fixed costs (controllable), $93000; and average total operating assets, $277000. What is the controllable margin for the year?
48%.15%.$39000.$132000.
27. If an investment center has a $90000 controllable margin and $1300000 of sales, what average operating assets are needed to have a return on investment of 10%?
$130000
$220000
$900000
$1300000
28.Marigold Corp. prepared a 2019 budget for 135000 units of product. Actual production in 2019 was 160000 units. To be most useful, what amounts should a performance report for this company compare?
The actual results for 160000 units with the original budget for 135000 units.
The actual results for 160000 units with a new budget for 160000 units.
The actual results for 160000 units with last year’s actual results for 164500 units.
It doesn’t matter. All of these choices are equally useful.
29. If a company plans to sell 34000 units of product but sells 46000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on
the original planned level of activity.
40000 units of activity.
46000 units of activity.
34000 units of activity.
30. In the Sheridan Company, indirect labor is budgeted for $68000 and factory supervision is budgeted for $34000 at normal capacity of 170000 direct labor hours. If 190000 direct labor hours are worked, flexible budget total for these costs is
$102000.
$114000.
$110000.
$106000.
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