Week 4 - Responsibility Accounting, Differential Analysis And Product Pricing

My home /My courses /Term /Spring 2016 - 4B /SPR16_I_MBA502B_93169 /Week 4 - Responsibility Accounting, Differential Analysis and Product Pricing /Week 4 ExamTop of FormQuestion 41Not yet answeredPoints out of 2.00Flag questionQuestion textScranton Company’s direct materials budget shows total cost of direct materials purchases for April, May and June to be $200,000, $240,000 and $280,000, respectively. Cash payments are 60% in the month of the purchase and 40% in the following month. The budgeted cash payments for May areSelect one:a. $224,000.b. $240,000.c. $264,000.d. $216,000.Question 42Not yet answeredPoints out of 2.00Flag questionQuestion textWhich of the following budgets would be appropriate for a merchandising company?Select one:a. Merchandise purchases budget.b. Direct materials budgetc. Factory overhead budget.d. Direct labor budget.Question 43Not yet answeredPoints out of 2.00Flag questionQuestion textAssume the following information for production in April: ActualStandardDirect materials price (per yard)$1.65$1.80Direct materials purchased & used (yards)21,40021,000What is the materials price variance for production in April?Select one:a. $3,210 Favorableb. $720 Unfavorablec. $2,490 Favorabled. $3,150 FavorableQuestion 44Not yet answeredPoints out of 2.00Flag questionQuestion textThe standard labor cost is $20 ($10 per direct labor hour for 2 hours) per unit of finished goods. If the actual direct labor payroll was