Billinudgel

Corporation manufactures two models of motorized go‐carts, a standard and a

deluxe model. The following activity and cost information has been compiled:

QUESTION68.

Assume a traditional costing system applies the $40,000 of overhead costs based

on direct labor hours.

The following information pertains to the January

operating budget for Canniba Corporation, a retailer:

Budgeted sales are $200,000 for January

Collections of sales are 50% in the month of sale and 50% the next

month Cost of goods sold averages 70% of sales

Merchandise purchases total $150,000 in January Marketing costs are

$3,000 each month Distribution costs are $5,000 each month Administrative costs

are $10,000 each month

QUESTION26. For January, budgeted gross margin is:

QUESTION24.

Eltham Pecans Company expects to grow, roast and sell 20,000 packets of pecans

in 2023 for $5 each. There are 4,000 packets in beginning finished goods

inventory with target ending inventory of 5,000 packets. The company keeps no work‐in‐process

inventory since the roasting process is done in batches

and finished by the end of each day.

QUESTION43. Which of the following statements about changing the direct/indirect cost classification is true?

Billinudgel

Corporation manufactures two models of motorized go‐carts, a standard and a

deluxe model. The following activity and cost information has been compiled:

QUESTION70.

Number of setups and number of components are identified as activity‐cost

drivers for overhead. Assuming an activity‐based costing system is used,

Ballina Corp.

applies manufacturing overhead costs to

products at a budgeted indirect‐cost

rate of $60 per direct manufacturing

labor‐hour. A retail outlet has requested a bid on a special order of a

necklace. Estimates for this order include direct materials of $50,000; 400

direct manufacturing labor‐hours at $20 per hour; and a 30% markup rate on

total manufacturing costs.

QUESTION64. The bid price for this special order is .

The actual information pertains to the third quarter.

As part of its budgeting process, Bishan Indian Restaurant (BIR) had developed

the following static budget for the third quarter on the expectation that it

would serve 10,000 meals. BIR is in the process of preparing the flexible

budget and understanding the results.

QUESTION1. The amount for variable

costs in the flexible budget will be:

QUESTION25.

For 2023, Bencoolen Incorporated., budgeted sales to be 15,000 units; its

targeted ending finished goods inventory is expected to be 750 units, and beginning

finished goods inventory is 450 units. All other inventories are zero.

QUESTION41. An actual cost is   .

Pasir

Corporation used the following data to evaluate their current operating system.

The company sells items for $18 each and used a budgeted selling price of $18

per unit.

QUESTION11. What is the static‐budget variance

of variable costs?