Question 101
It is company policy that the closing inventory of finished goods must be equal to 10% of the following month's budgeted sales. The budget sales for November and December are 50,000 and 40,000 units respectively.
The budgeted production for November will be:
The budgeted production for November will be:
Question 102
Which of the following items would not be found in a cash budget?
Question 103
Which of the following statements regarding variances is valid?
Question 104
The forecast per unit for a new product are as follows:
The company uses margin cost plus pricing and all products are required to achieve a 40% margin.
What would be the selling price per unit?
The company uses margin cost plus pricing and all products are required to achieve a 40% margin.
What would be the selling price per unit?
Question 105
GB operates a standard costing system. During the month 24,300 kg of material were used at a standard cost of
$2 per kg. The material price variance was $972 adverse.
The actual price per kg was, to 2 decimal places:
$2 per kg. The material price variance was $972 adverse.
The actual price per kg was, to 2 decimal places:
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