Question

17)

The total manufacturing cost variance consists of

a.direct materials cost variance, direct labor cost variance, and variable factory overhead controllable variance

b.direct materials cost variance, direct labor rate variance, and factory overhead cost variance

c.direct materials cost variance, direct labor cost variance, and factory overhead cost variance

d.direct materials price variance, direct labor cost variance, and fixed factory overhead volume variance

16) Big Wheel, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $17,100 for March and $36,900 for April. What are the budgeted cash receipts from sales on account for April?
$

15)

Motorcycle Manufacturers, Inc., projected sales of 51,100 machines for the year. The estimated January 1 inventory is 6,180 units, and the desired December 31 inventory is 7,090 units. The budgeted production for the year is

a.50,190

b.51,100

c.52,010

d.37,830

14)

Magnolia Company's Division A has operating income of $122,600 and assets of $303,800. The minimum acceptable return on investment is 11%.

What is the residual income for the division?
$

Answer 1

In case of any Issues or doubts, please comment below