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121.If variable costs per unit increased because of an increase in hourly wage rates, the break-even point would: A.decrease B.increase C.remain the same D.increase or decrease, depending upon the percentage increase in wage rates 122.If variable costs per unit decreased because of a decrease in utility rates, the break-even point would: A.decrease B.increase C.remain the same D.increase or decrease,.

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61.Cost behavior refers to the manner in which: A.a cost changes as the related activity changes B.a cost is allocated to products C.a cost is used in setting selling prices D.a cost is estimated 62.The three most common cost behavior classifications are: A.variable costs, product costs, and sunk costs B.fixed costs, variable costs, and mixed costs C.variable costs,.

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151.If sales are $400,000, variable costs are 80% of sales, and operating income is $40,000, what is the operating leverage? A.0 B.7.500 C.2.0 D.1.333 152.The difference between the current sales revenue and the sales at the break-even point is called the: A.contribution margin B.margin of safety C.price factor D.operating leverage 153.Cost-volume-profit analysis cannot be used if which of the following.

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118.The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2012 are as follows: January 1 finished goods, $765,000; December 31 finished goods, $640,000; cost of goods sold for the year, $2,560,000. The budgeted costs of goods manufactured for the year is? A.$1,405,000 B.$2,560,000 C.$2,435,000 D.$3,965,000 119.The Warbler.

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174.Finewood Cabinet Manufacturers uses flexible budgets that are based on the following manufacturing data for the month of July: Direct materials $8 per unit Direct labor $5 per unit Electric power (variable) $0.30 per unit Electric power (fixed) $4,000 per month Supervisor salaries $15,000 per month Property taxes on factory $4,000 per month Straight-line depreciation $2,900 per month Prepare a flexible budget for Finewood based.

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161.Rusty Co. sells two products, X and Y. Last year Rusty sold 5,000 units of X’s and 35,000 units of Y’s. Related data are: Unit Selling Price Unit Variable Unit contribution Product Price Cost Margin X $110.00 $70.00 $40.00 Y 70.00 50.00 $20.00 Assuming that last year’s fixed costs totaled $675,000. What was Rusty Co.’s break-even point in units? A.16,875 units B.30,100 units C.30,000 units D.11,250.

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68.A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed: A.flexible budgeting B.continuous budgeting C.zero-based budgeting D.master budgeting 69.Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units.

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162.Warmfeet manufactures comforters. Assume the estimated inventories on January 1, 2012, for finished goods, work in process, and materials were $51,000, $28,000 and $33,000 respectively. Also assume the desired inventories on December 31, 2012, for finished goods, work in process, and materials were $48,000, $35,000 and $29,000 respectively. Direct material.

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98.Production estimates for August are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($18 per lb.) 1/2 lb. The number of pounds of materials A and B.

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88.Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estimated beginning inventory 30,000 units 18,000 units Desired ending inventory 34,000 units 17,000 units Region I, anticipated sales 320,000 units 260,000 units Region II, anticipated sales 180,000 units 140,000 units The unit selling price for product XXX is $6 and for product ZZZ is $15. Budgeted.

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171.The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $ 63,100 1,100 Units May 80,920 1,800 June 100,300 2,600 Using the high-low method, determine the (a) variable cost per unit, and (b) the total fixed costs. 172.The manufacturing cost of Carrie Industries for the first three months of the year are.

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205.Copper Hill Inc. manufactures laser printers within a relevant range of production of 50,000 to 70,000 printers per year. The following partially completed manufacturing cost schedule has been prepared: Number of Printers Produced 70,000 90,000 100,000 Total costs: Total variable costs $350,000 (d) (j) Total fixed costs 630,000 (e) (k) Total costs $980,000 (f) (l) Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) Total cost per unit (c) (i) (o) Complete.

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41.The capital expenditures budget summarizes future plans for acquisition of fixed assets. 42.The cash budget summarizes future plans for acquisition of fixed assets. 43.The cash budget is affected by the sales budget, the various budgets for manufacturing costs and operating expenses, and the capital expenditures budget. 44.The cash budget presents the expected inflow.

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128.Finch Company began its operations on March 31 of the current year. Finch Co. has the following projected costs: April May June Manufacturing costs(1) $156,800 $195,200 $217,600 Insurance expense (2) $1,000 $1,000 $1,000 Depreciation expense $2,000 $2,000 $2,000 Property tax expense(3) $500 $500 $500 (1) 3/4 of the manufacturing costs are paid for in the month they are incurred. 1/4 is paid in the following month. (2) Insurance expense is $1,000.

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217.Kissimmee Paint Co. reported the following data for the month of July. There were no beginning inventories and all units were completed (no work in process). Total Cost Number of Units Unit Cost Manufacturing costs: Variable $465,000 30,000 $15.50 Fixed 210,000 30,000 7.00 Total $675,000 $22.50 Selling and administrative expenses: Variable $2 per unit sold Fixed $39,000 In the month of July, 28,000 of the 30,000 units.

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191.Safari Co. sells two products, Orks and Zins. Last year Safari sold 21,000 units of Orks and 14,000 units of Zins. Related data are: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Orks $120 $80 $40 Zins 80 60 20 Calculate the following: a. Safari Co.’s sales mix b. Safari Co.’s weighted average unit selling price c. Safari Co’s weighted average unit contribution margin d..

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171.Match the following terms with the best definition given. 1.Actions to achieve budgeted goals. Directing 2.Compare actual performance against budgeted goals. Planning 3.Occurs when employee self-interests are different from company goals. Budget padding 4.Setting goals. Goal conflict 5.Occurs when budgets are too loose. Controlling 172.Match the following terms with the best definition given. 1.Shows expected results at several activity levels. Master budget 2.Begins by.

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138.A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash Receipts $1,061,200 $1,182,400 $1,091,700 Cash Payments $984,500 $1,210,000 $1,075,000 The company’s cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000. What is the amount of excess cash or deficiency of cash (after.

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71.Most operating decisions of management focus on a narrow range of activity called the: A.relevant range of production B.strategic level of production C.optimal level of production D.tactical operating level of production 72.Costs that vary in total in direct proportion to changes in an activity level are called: A.fixed costs B.sunk costs C.variable costs D.differential costs 73.Which of the following is.

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176.Prepare a flexible budget for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following is additional information necessary to complete the budget: Variable costs: Direct :Labor ($6.00 per unit) Direct Materials ($8.00 per unit) Variable Manufacturing Costs ($2.50 per unit) Fixed costs: Supervisor’s Salaries $80,000 Rent 12,000 Depreciation On Equipment 24,000 177.The Svelte Jeans Company produces.

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58.A formal written statement of management's plans for the future, expressed in financial terms, is a: A.gross profit report B.responsibility report C.budget D.performance report 59.The budget process involves doing all the following except: A.establishing specific goals B.executing plans to achieve the goals C.periodically comparing actual results with the goals D.dismissing all managers who fail to achieve operational goals specified.

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21.The master budget of a small manufacturer would normally include all necessary component budgets except the capital expenditures budget. 22.The master budget of a small manufacturer would normally include all necessary component budgets except the budgeted balance sheet. 23.The master budget of a small manufacturer would normally include all component budgets that.

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181.The Keith Company reports the following data. Sales $800,000 Variable costs $500,000 Fixed costs $250,000 Determine Keith Company’s operating leverage. 182.The Tom Company reports the following data. Sales $600,000 Variable costs $400,000 Fixed costs $100,000 Determine Tom Company’s operating leverage. 183.The Dean Company has sales of $500,000, and the break-even point in sales dollars of $300,000. Determine the company’s margin of safety percentage. 184.The Grant Company has.

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