Salem Company has the following costs information for June where production volume is 2,000units:7. The variable cost and fixed cost per unit respectively are:A) $8.75 and $1.50.B) $8.75 and $0.25.C) $4.25 and $3.00.D) $8.50 and $12.00.B) fixed cost per unit.C) total variable cost.D) total cost per unit.A) 1,000B) 1,800Direct materialsDirect labor8. If production changes to 2.200 units, which cost will remain the same?A) variable cost per unit.C) 3,200D) 2,600Straight-line depreciationRent expensesother fixed costs9.The production budget shows expected unit sales of 16,000. Beginning finished goods units are 1,800.Required production units are 16,800. What are the desired ending finished goods units?A)B)D)10. The production budget shows expected unit sales are 50,000. The required production units are 52,000.What are the beginning and desired ending finished goods units, respectively?Ending Units2,0005,000$8,500$9,0005800Beginning Units5,0003.000$1,200$1,0003,0005,0005,0002,000C) Manufacturing overhead budgetD) Budgeted balance sheet11. Which of the following is not a financial budget?A) Capital expenditure budgetB) Cash budget12. A manager that is establishing objectives is performing which management function?A) ControllingB) DirectingC) PlanningD) Constraining

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Salem Company has the following costs information for June where production volume is 2,000 units: Direct materials Direct labor $8,500 $9,000 $800 Straight-line depreciation Rent expenses other fixed costs 7. The variable cost and fixed cost per unit respectively are: A) $8.75 and $1.50. B) $8.75 and $0.25. C) $4.25 and $3.00. D) $8.50 and $12.00. B) fixed cost per unit. C) total variable cost. D) total cost per unit. $1,200 $1,000 8. If production changes to 2,200 units, which cost will remain the same? A) variable cost per unit.

Salem Company has the following costs information for June where production volume is 2,000 units: Direct materials Direct labor $8,500 $9,000 $800 Straight-line depreciation Rent expenses other fixed costs 7. The variable cost and fixed cost per unit respectively are: A) $8.75 and $1.50. B) $8.75 and $0.25. C) $4.25 and $3.00. D) $8.50 and $12.00. B) fixed cost per unit. C) total variable cost. D) total cost per unit. $1,200 $1,000 8. If production changes to 2,200 units, which cost will remain the same? A) variable cost per unit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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