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ทดสอบย่อย4 (2/58)

1.Modesto Company produces and sells Product AlphaB. To guard against stockouts, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of Product AlphaB over the next four months are:


Budgeted production for August would be:
A.62,000 units
B.70,000 units
C.58,000 units
D.50,000 units

Units produced = Ending inventory + Units sold - Beginning inventory
= (20% x 50,000) + 60,000 - (20% x 60,000)
= 10,000 + 60,000 - 12,000 = 58,000

2.The Tobler Company has budgeted production for next year as follows:

Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the third quarter would be:
A.63,200 pounds
B.62,400 pounds
C.56,800 pounds
D.50,400 pounds

Materials to be purchased = Ending inventory + Materials used - Beginning inventory = (14,000 x 10%) + 16,000 - (16,000 x 10%) = 1,400 + 16,000 - 1,600
= 15,800 units
15,800 units x 4 pounds per unit = 63,200 pounds

3.The following are budgeted data:

Each unit requires 0.75 hours of direct labor at a cost of $6.50 per hour. What is the cost of direct labor for May?
A.$73,125
B.$82,875
C.$63,375
D.$78,000

Budgeted direct labor cost = Units produced x Direct labor-hours per unit x Budgeted direct labor cost per unit = 16,000 x 0.75 direct labor-hours x $6.50 per direct labor-hour = $78,000

4.Mouw Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,400 direct labor-hours will be required in January. The variable overhead rate is $4.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $77,220 per month, which includes depreciation of $9,720. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
A.$67,500
B.$91,260
C.$100,980
D.$23,760

Variable overhead = 5,400 direct labor-hours x $4.40 = $23,760
Cash portion of fixed manufacturing overhead = $77,220 - $9,720 = $67,500
Total cash disbursement for overhead in January = $23,760 + $67,500 = $91,260

5.Roufs Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 7,800 units are planned to be sold in April. The variable selling and administrative expense is $3.20 per unit. The budgeted fixed selling and administrative expense is $95,160 per month, which includes depreciation of $9,360 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the April selling and administrative expense budget should be:
A.$85,800
B.$24,960
C.$120,120
D.$110,760

Cash disbursements for December = (Variable selling and administrative cost x Number of direct-labor hours) + (Fixed manufacturing overhead less depreciation) = (7,800 x $3.20) + ($95,160 - $9,360) = $24,960 + $85,800 = $110,760

6.The PDQ Company makes collections on credit sales according to the following schedule:
25% in month of sale
70% in month following sale
4% in second month following sale
1% uncollectible
The following sales have been budgeted:

Cash collections in June would be:
A.$113,400
B.$110,000
C.$111,000
D.$115,500

Use the following information to answer Q 7 –Q 10

Dilom Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:
 Sales are budgeted at $260,000 for November, $230,000 for December, and $210,000 for January.
 Collections are expected to be 55% in the month of sale, 40% in the month following the sale, and 5% uncollectible.
 The cost of goods sold is 80% of sales.
 The company purchases 50% of its merchandise in the month prior to the month of sale and 50% in the month of sale. Payment for merchandise is made in the month following the purchase.
 Other monthly expenses to be paid in cash are $21,700.
 Monthly depreciation is $17,000.
 Ignore taxes.

7.The excess (deficiency) of cash available over disbursements for December would be:
A.$12,800
B.$8,600
C.$17,000
D.$4,200

8.The net income (loss) for December would be:
A.$24,300
B.$12,800
C.($4,200)
D.$7,300

9.The accounts receivable balance, net of uncollectible accounts, at the end of December would be:
A.$89,500
B.$92,000
C.$103,500
D.$196,000

Sales in December not yet collected ($230,000 x 40%) = $92,000

10.Accounts payable at the end of December would be:
A.$84,000
B.$92,000
C.$184,000
D.$176,000

Merchandise purchases in December not yet paid [($230,000 x 50%) + ($210,000 x 50%)] x 80% = $176,000