use the information below to answer the following question s marguerite inc expects 4315085

Use the information below to answer the following question(s).

Marguerite Inc.. expects to sell 20,000 pool cues for $20.00 each. Direct materials costs are $2.00, direct manufacturing labour is $12.00, and manufacturing overhead is $0.80 per pool cue. Each pool cue requires 0.5 kilograms (kg) of material which is all added at the start of production. The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs; the units in beginning inventory are completed before new units are started.. Each pool cue requires one hour of direct labour, and manufacturing overhead is allocated based on direct labour hours. The following inventory levels are expected to apply to 2016:

Beginning inventory

Ending inventory

Direct materials

800 kg

1,000 kg

Work-in-process inventory

200 units

300 units

Finished goods inventory

2,000 units

2,500 units

52) On the 2016 budgeted income statement, what amount will be reported for gross margin?

A) $124,000

B) $104,000

C) $312,000

D) $160,000

E) $400,000

53) How many pool cues need to be produced in 2016?

A) 22,500 cues

B) 18,000 cues

C) 20,000 cues

D) 19,500 cues

E) 20,500 cues

54) How many kilograms of material will need to be purchased for 2016 production and inventory requirements?

A) 11,500 kg

B) 10,700 kg

C) 10,300 kg

D) 10,500 kg

E) 10,000 kg

55) On the 2016 budgeted income statement, what amount will be reported for cost of goods sold?

A) $296,000

B) $280,000

C) $276,000

D) $290,000

E) $292,000

56) What are the 2016 budgeted costs for direct manufacturing labour?

A) $248,000

B) $247,200

C) $249,000

D) $246,600

E) $246,000

Use the information below to answer the following question(s).

Samson Inc. expects to sell 10,000 barbells for $18.00 each. Direct materials costs are $5.00, direct manufacturing labour is $6.00, and manufacturing overhead is $2.50 per barbell. Each barbell requires 6 kilograms (kg) of material which is all added at the start of production. The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs; the units in beginning inventory are completed before new units are started.. Each barbell requires one-quarter hour of direct labour, and manufacturing overhead is allocated based on direct labour hours. Marketing costs are $2.00 per barbell. The following inventory levels are expected to apply to 2016:

Beginning inventory

Ending inventory

Direct materials

500 kg

800 kg

Work-in-process inventory

100 units

200 units

Finished goods inventory

200 units

150 units

57) On the 2016 budgeted income statement, what amount will be reported for gross margin?

A) $45,000

B) $70,000

C) $25,000

D) $40,000

E) $35,000

58) How many barbells need to be produced in 2016?

A) 11,050

B) 9,850

C) 10,000

D) 10,050

E) 9,950

59) How many kilograms of material will need to be purchased for 2016 production and inventory requirements?

A) 60,900 kg.

B) 60,600 kg.

C) 60,300 kg.

D) 60,000 kg.

E) 62,100 kg.

60) On the 2016 budgeted income statement, what amount will be reported for cost of goods sold?

A) $132,975

B) $135,675

C) $134,325

D) $135,000

E) $155,000

61) What are the 2016 budgeted costs for direct manufacturing labour?

A) $59,700

B) $60,300

C) $60,700

D) $240,000

E) $60,000

62) Shamokin Manufacturing produces two products, Big and Bigger. Shamokin expects to sell 10,000 units of product Bigger and to have an inventory of 2,000 units of Bigger on hand at the end of the period. Currently, Shamokin has 800 units of Bigger on hand. Bigger requires two labour operations, molding and polishing. Each unit of Bigger requires one hour of molding and two hours of polishing. The direct labour rate for molding is $20 per molding hour and the direct labour rate for polishing is $25 per polishing hour. The expected number of hours of direct labour for Bigger is

A) 8,800 hours of molding; 17,600 hours of polishing.

B) 11,200 hours of molding; 22,400 hours of polishing.

C) 17,600 hours of molding; 8,800 hours of polishing.

D) 22,400 hours of molding; 11,200 hours of polishing.

E) 10,000 hours of molding; 20,000 hours of polishing.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now