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# How many units of OldX are budgeted for production in May

How many units of OldX are budgeted for production in May?

a.10,000

b.11,000

c.12,000

d.13,000

62.Refer to Wilmer Company. How many units of component A are budgeted to be purchased in May?

a.64,500

b.66,600

c.180,000

d.264,300

63.Refer to Wilmer Company. What is the desired ending inventory of component A for May?

a.2,100

b.58,500

c.86,000

d.86,400

Birrell Company manufactures pottery. Production of large garden pots for the coming three months is budgeted as follows:

May20,000

June40,000

July35,000

Each pot requires 30 minutes of direct labour time. Direct labour wages average \$15 per hour. Monthly overhead averages \$4 per direct labour hour plus fixed overhead of \$2,100.

64.Refer to Birrell Company. What is the direct labour cost budgeted for June?

a.\$20,000

b.\$40,000

c.\$150,000

d.\$300,000

65.Refer to Birrell Company. What is the total overhead budgeted for the month of June?

a.\$42,100

b.\$80,000

c.\$82,100

d.\$160,000

PJ Lynn Company plans to sell 100,000 units in March and 140,000 units in April. PJ Lynn’s policy is that 15% of the following month’s sales must be in ending inventory. On March 1, 13,400 units were in inventory.

It takes 15 minutes of direct labour time to make one unit. Direct labour wages average \$20 per hour. Variable overhead is applied at the rate of \$3 per direct labour hour. Fixed overhead is budgeted at \$44,500 per month.

66.Refer to PJ Lynn Company. How many units are budgeted for production in March?

a.100,000

b.107,600

c.121,000

d.140,000

67.Refer to PJ Lynn Company. What is the direct labour cost budgeted for March?

a.\$26,900

b.\$107,600

c.\$322,800

d.\$538,000

68.Refer to PJ Lynn Company. What is the budgeted overhead for March?

a.\$44,500

b.\$48,420

c.\$80,700

d.\$125,200

Birmingham Company provided the following information for last month.

Production in units1,000

Direct materials cost\$3,000

Direct labour cost\$4,000

Sales commission per unit sold\$  2

Price per unit sold\$24

There were no beginning and ending inventories.

69.Refer to Birmingham Company. What is Birmingham’s cost of goods sold per unit?

a.\$12.60

b.\$14.60

c.\$16.60

d.\$18.00

70.Refer to Birmingham Company. What was the gross profit for Birmingham Company last month?

a.\$2,400

b.\$7,400

c.\$9,400

d.\$14,600

Mar 13 2020 View more View Less