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accounting chapter 8 Brarin Corporation is a small wholesaler of gourmet food products: December cash disbursements for merchandise purchases would be: A

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accounting chapter 8

1. Brarin Corporation is a small wholesaler of gourmet food products: December cash disbursements for merchandise purchases would be:
   A. $283,200
   B. $196,000
   C. $288,000
   D. $282,400
2. Brarin Corporation is a small wholesaler of gourmet food products:The difference between cash receipts and cash disbursements in December would be:
   A. $17,000
   B. $24,300
   C. $41,300
   D. $65,600
3. The Kafusi Company has the following budgeted sales:
   The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following
   the month of sale, and the remainder in the second month following the month of sale. There are no bad
   debts.: The budgeted cash receipts for July would be:
   A. $400,000
   B. $430,000
   C. $435,000
   D. $390,000
4. The Kafusi Company has the following budgeted sales:
   The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following
   the month of sale, and the remainder in the second month following the month of sale. There are no bad
   debts.The budgeted accounts receivable balance on May 31 would be:
   A. $210,000
   B. $212,000
   C. $180,000
   D. $242,000
5. Mitchell Company had the following budgeted sales for the last half of last year:Assume that the accounts receivable balance on July 1 was $75,000. Of this amount, $60,000 represented
   uncollected June sales and $15,000 represented uncollected May sales. Given these data, the total cash
   collected during July would be:
   A. $150,000
   B. $235,000
   C. $215,000
   D. $200,000
6. Mitchell Company had the following budgeted sales for the last half of last year: What is the budgeted accounts receivable balance on December 1?
   A. $80,000
   B. $140,000
   C. $94,500
   D. $131,300
7. Sartain Corporation is in the process of preparing its annual budget. The following beginning and ending: If the company plans to sell 670,000 units during the year, the number of units it would have to
   manufacture during the year would be:
   A. 670,000 units
   B. 720,000 units
   C. 740,000 units
   D. 620,000 units
8. Sartain Corporation is in the process of preparing its annual budget. The following beginning and ending: How much of the raw material should the company purchase during the year?
   A. 1,430,000 grams
   B. 1,450,000 grams
   C. 1,480,000 grams
   D. 1,440,000 grams
9. LHU Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.5
   hours of direct labor at the rate of $15.00 per direct labor-hour. Management would like you to prepare a
   Direct Labor Budget for June.The budgeted direct labor cost per unit of Product WZ would be:
   A. $37.50
   B. $6.00
   C. $15.00
   D. $17.50
10. LHU Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.5
    hours of direct labor at the rate of $15.00 per direct labor-hour. Management would like you to prepare a
    Direct Labor Budget for June.The company plans to sell 38,000 units of Product WZ in June. The finished goods inventories on June
    1 and June 30 are budgeted to be 600 and 100 units, respectively. Budgeted direct labor costs for June
    would be:
    A. $562,500
    B. $1,425,000
    C. $1,406,250
    D. $1,443,750