1)Heath Company has beginning inventory of 21,000 units and expected sales of 48,000 units

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1)Heath Company has beginning inventory of 21,000 units and expected sales of 48,000 units. If the desired ending inventory is 15,500 units, how many units should be produced?

A) 27,000

B)   42,500

C) 45,000

D) 53,000

 

2) Janeway Corporation desires a December 31 ending inventory of 1,500 units. Budgeted sales for December are 2,300 units. The November 30 inventory was 850 units. What are budgeted purchases in units?

A) 2,350

B)   2,950

C)   3,150

D) 3,800

3) A plan showing the units to be sold and the projected selling price, which is the starting point in the budgeting process, is called the:

A) cash budget.

B) budgeted statement of cash flows.

C) sales budget.

D) budgeted income statement.

 

4) The-----------budget is a major part of the master budget and focuses on the income statement and its supporting schedules.

A) operating

B) cash

C) capital expenditures

D) financial

 

5) Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?

A) $1,380,000

B)$1,500,000

C)$1,600,000

D)$1,620,00 0

 

6) Griffith Company has budgeted purchases of inventory for December of $105,000. Expected beginning inventory on December 1 and ending inventory on December 31 are$120,000 and $129,000, respectively. If cost of goods sold averages 75% of sales, what are budgeted sales for December?

A)$114,000

B)$120,000

C)$128,000

D)$152,999