Posted: April 10th, 2016

What is the amount of cash that should be collected in March?

The April cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
A) $59,070
B) $46,200
C) $27,060
D) $19,140
7.

When preparing a direct materials budget, the required purchases of raw materials in units equals:
A) raw materials needed to meet the production schedule + desired ending inventory of raw materials beginning inventory of raw materials.
B) raw materials needed to meet the production schedule desired ending inventory of raw materials beginning inventory of raw materials.
C) raw materials needed to meet the production schedule desired ending inventory of raw materials + beginning inventory of raw materials.
D) raw materials needed to meet the production schedule + desired ending inventory of raw materials + beginning inventory of raw materials.
8.
(ch09profitplanning 028) All of Gaylord Company
All of Gaylord Company s sales are on account. Thirty five percent of the credit sales are collected in the month of sale, 45% in the month following sale, and the rest are collected in the second month following sale. Bad debts are negligible and should be ignored. The following are budgeted sales data for the company:

What is the amount of cash that should be collected in March?
A) $39,000
B) $37,000
C) $27,500
D) $51,000
9.
(ch09profitplanning 043) The manufacturing overhead budget at Fr
The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor hours. The direct labor budget indicates that 4,400 direct labor hours will be required in January. The variable overhead rate is $1.30 per direct labor hour. The company s budgeted fixed manufacturing overhead is $60,280 per month, which includes depreciation of $17,160. 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) $5,720
B) $43,120
C) $48,840
D) $66,000
10.
(ch09profitplanning 104) To attain its desired ending cash balan
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000.