Devry Busn 278 Week 5 and Week 6 Homework – Updated

DeVry BUSN 278 Week 5 And Week 6 Homework – Updated

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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.

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

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...