Question
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A...
- The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is
a. $1,080,000 for A; $1,296,000 for B
b. $1,080,000 for A; $648,000 for B
c. $1,125,000 for A; $675,000 for B
d. $1,170,000 for A; $702,000 for B
The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month’s sales.
7. What is the budgeted unit of production for March?
a. 256,000
b. 206,000
c. 214,000
d. 298,000
8. What is the budgeted unit of inventory for March 31?
a. 46,000
b. 36,000
c.cannot be determined from the data given
d. 42,000
9. Woodpecker Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000.Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are
a. $812,000
b. $688,000
c. $468,000
d. $984,000
10. Estimated cash payments are planned reductions in cash from all of the following except
- manufacturing and operating expenses
- capital expenditures
- notes and accounts receivable collections
- payments for interest or dividends
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