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## Finance

 Basic Finance Corporate Finance Financial Management Financial Econometrics Portfolio Management Risk Management Public Finance Business Law & Ethics

problem1: At the beginning of the period, the Assembly Department budgeted direct labor of \$110,500 and property taxes of 50,000 dollars for 8,500 hours of production. The department actually completed 10,000 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. find out the total department cost?

[A]    \$110,000

[B]   \$130,000

[C]    \$180,000

[D]   None of the above

problem2: On Time Publishers Inc. budgeted production of 216,000 schedule planners in 2008. Paper is required to produce a planner. Suppose 90 square feet of paper are required for each planner. The estimated January 1, 2008, paper inventory is 100,000 square feet. The desired December 31, 2008, paper inventory is 160,000 square feet. If paper costs 0.08 per dollar square foot determine the direct materials purchases budget for 2008. Determine the total direct material to be purchased?

[A]    \$1,560,000

[B]   \$2,240,000

[C]    \$1,568,000

[D]   None of the above

problem3: OnTime Publishers Inc. budgeted production of 216,000 schedule planners in 2008. Each planner requires assembly. Assume that fifteen minutes are required to assemble each planner. If assembly labor costs 12.50 dollars per hour, find out the direct labor cost budget for 2008.

[A]    \$600,000

[B]   \$675,000

[C]    \$725,000

[D]     None of the above

problem4. On Time Publishers Inc. projected sales of 220,000 schedule planners for 2008. The estimated January 1, 2008, inventory is 15,000 units, & the desired December 31, 2008, inventory is 11,000 units. determine the budgeted production (in units) for 2008? find out the total units to be produced?

[A]    235,000

[B]   216,000

[C]    231,000

[D]   None of the above

Basic Finance, Finance

• Category:- Basic Finance
• Reference No.:- M916568

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