Practice Quiz 14B
Complete the following quiz for the lesson: Operational Budgeting
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1 point
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Willy Corporation manufactures products X and Y in department #2 and department #10. Each unit of product X requires 1.5 direct labor hours in department #2 and 6 direct labor hours in department #10. For product Y, these requirements are 3 hours and 2 hours, respectively. If Willy plans to produce 30,000 unils of product X and 50,000 units of product Y and the average hourly wage rates are $6.50 and $4.00 in departments #2 and #10, respectively, the total budgeted direct labor cost would be *
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During May, a company expects cash receipts (excluding borrowing) of $65,000 and cash disbursements of $90,000. If the budgeted ending cash account balances for April and May are to be $21,000 and $26,000, respectively, then plans should be made to borrow *
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Depreciation expense should always be excluded from disbursements in a cash budget. *
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Finished goods inventory on a pro-forma balance sheet would require that the number of units of budgeted ending inventory be identified from the *
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The balance of accounts payable on a pro-forma balance sheet would be available from the *
1 point
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