devry busn 278 week 5 and week 6 homework - updated
DESCRIPTION
DeVry BUSN 278 Week 5 and Week 6 Homework - UpdatedTRANSCRIPT
DeVry BUSN 278 Week 5 And Week 6 Homework - Updated
IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load
http://www.acehomework.net/wp-admin/post.php?post=2066&action=edit
IF You Face Any Problem Then E Mail Us At [email protected]
HOMEWORK Week 5
(TCO 7) The financial budgets include the:
cash budget and the selling and administrative expense budget.
cash budget and the pro forma balance sheet.
pro forma balance sheet and the pro forma income statement.
cash budget and the production budget.
Question 2. Question : (TCO 7) In a production budget, the units to be
produced are the budgeted sales units plus:
beginning inventory.
desired ending inventory.
desired ending inventory plus beginning inventory.
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
desired ending inventory minus beginning inventory.
Question 3. Question : (TCO 7) The production budget shows planned sales
of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400.
What is the desired ending inventory?
5,000
6,400
7,800
12,800
Question 4. Question : (TCO 7) If there were 70,000 pounds of raw
materials on hand on January 1, 140,000 pounds are desired for inventory at
January 31, and 420,000 pounds are required for January production, how
many pounds of raw materials should be purchased in January?
350,000 pounds
560,000 pounds
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
280,000 pounds
490,000 pounds
Question 5. Question : (TCO 7) ABC Company expects the following sales
and collection pattern for the last four months of the year:
Month Cash Sales Credit Sales Total Sales
September $25,000 $65,000 $90,000
October $28,000 $72,000 $100,000
November $26,000 $68,000 $94,000
December $30,000 $71,000 $101,000
•?????????5% of credit sales are collected in the same month
•?????????65% of sales are collected in the following month
•?????????25% of sales are collected in the second following month
What are the projected cash collections for the month of December?
$65,750
$92,200
$95,750
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
$99,000
HOMEWORK Week 6
(TCO 9) Fixed costs normally will not include
property taxes.
direct labor.
rent on buildings.
depreciation on buildings and equipment.
Question 2. Question : (TCO 9) Which one of the following would be
the same total amount on a flexible budget and a static budget if the
activity level is different for the two types of budgets?
Direct materials cost
Direct labor cost
Variable manufacturing overhead
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Fixed manufacturing overhead
Question 3. Question : (TCO 9) The Wiscow Manufacturing Company
recorded overhead costs of $14,182 at an activity level of 4,200
machine hours and $8,748 at 2,300 machine hours. The records also
indicated that overhead of $9,730 was incurred at 2,600 machine
hours. What is the fixed cost using the high-low method to estimate
the cost equation?
$3,264
$5,434
$2,170
$7,604
Question 4. Question : (TCO 8) Southern Company’s budgeted and
actual sales for 2009 were:
Product Budgeted Sales Actual Sales
X 20,000 units at $5.00 per unit 17,500 units at $5.30 per unit
Y 35,000 units at $9.00 per unit 37,300 units at $8.80 per unit
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
What is the total sales variance for the two products?
$2,210 Favorable
$5,990 Favorable
$6,990 Favorable
$8,200 Favorable
Question 5. Question : (TCO 8) Southern Company manufactures
Product X. The standard cost of one unit of output is $12.00 (four
pieces at $3.00 per piece). During the first quarter, 5,000 units were
made, at an actual cost of $10.50 per unit (three pieces at $3.50 per
piece). What is the total material variance?
$7,500 Favorable
$15,000 Favorable
$7,500 Unfavorable
$15,000 Unfavorable
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Instructor Explanation: Total Material Variance = (Standard
Quantity x Standard Price) versus (Actual Quantity x Actual Price)
Total Material Variance = (5,000 units x 4 pieces x $3.00) versus
(5,000 units x 3 pieces x $3.50)
Total Material Variance = (20,000 x $3.00) versus (15,000 x $3.50) =
$7,500 Favorable
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM