介绍章状态检查1chapter 10 status check10.pdfVIP

CHAPTER10STATUSCHECK

1.Whichofthefollowingisnotamajorbenefitofbudgets?

a.establishesaplanofactiontobestrictlyfollowed

b.compelsplanning

c.providesperformancecriteria

d.promotescoordinationandcommunicationwithintheorganization

2.AlphaCompanybudgetsitsactivitiesforDecember2008basedonthefollowing

information:

▪Forecastsalesarebudgetedat$900,000.Allsalesaremadeoncreditanda

provisionforbaddebtismademonthlyattherateof2%ofsales.

▪Merchandiseinventorywas$200,000atNovember30,2008,anding

inventoryisplannedtobereducedto$100,000asatDecember31,2008

▪Allmerchandisesellingpricesaremarkedupatinvoicecostplus60%.

▪Estimatedsellingandadministrativeexpensesforthemonthare$100,000.

▪Budgetedmonthlyamortizationexpenseis$50,000.

AlphawouldprojectoperatingincomeforDecember2008intheamountof:

a$119,000.b.$129,000.c.$169,500d.$230,000.

Thefollowingdataapplytoquestions3and4.

ZetaCompanybudgetsonanannualbasis.Thefollowingbeginningandending

inventorylevels(inunits)areplannedforthefiscalyearofJuly1,2007,throughJune30,

2008.

July1,2007June30,2008

Rawmaterial140,00010,000

Workinprocess8,0008,000

Finishedgoods30,0005,000

1Three(3)unitsofrawmaterialareneededtoproduceeachunitoffinishedproduct.

3.