Trắc nghiệm tổng hợp (English) 20

Luong Bao Vy

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191. Wheeling Company produces and sells bikes. It expects to sell 20,000 bikes in April 2016 and had 1,200 bikes in finished goods inventory at the end of March 2016. Wheeling Company would like to complete operations in April with at least 1,500 completed bikes in inventory. The bikes sell for $100 each. How many bikes would be produced in April 2016?
a. 20,000 bikes
b. 20,300 bikes
c. 19,700 bikes
d. 18,800 bikes

20,000 + 1,500 – 1,200 = 20,300 bikes

192. The type of budget that is a moving twelve-month budget is called the:
a. zero-based budget
b. flexible budget
c. continuous budget
d. both a and b


193. Which of the following is an operating budget?
a. budgeted statement of cash flows
b. capital expenditures budget
c. budgeted income statement
d. cash budget

Figure 8-1
Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the year 2017 and had 1,000 mattresses in finished goods inventory at the end of 2016. Armando would like to complete operations in the year 2017 with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.
194. Refer to Figure 8-1. What would be the total sales for the year 2017?
a. $3,375,000
b. $3,675,000
c. $3,000,000
d. $3,300,000

10,000 × $300 = $3,000,000

195. Refer to Figure 8-1. How many mattresses would be produced in the year 2015?
a. 10,000 mattresses
b. 11,000 mattresses
c. 11,250 mattresses
d. 10,250 mattresses

10,000 + 1,250 – 1,000 = 10,250 mattresses

196. Which of the following is NOT a responsibility of the budget committee?
a. prepare actual financial statements
b. provide policy guidelines
c. provide budgeting goals
d. resolve differences that may arise as the budget is prepared

Figure 8-2
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of 2016 are as follows:
Month Sales
October 10,000
November 14,000
December 13,000
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January 2016 sales is projected at 16,000 lamps.

197. Refer to Figure 8-2.What is the expected sales revenue for December?
a. $250,000
b. $350,000
c. $325,000
d. $100,000

13,000 × $25 = $325,000

198. Refer to Figure 8-2. How many lamps should be produced in November?
a. 11,000 lamps
b. 10,500 lamps
c. 14,000 lamps
d. 13,750 lamps

(13,000 × .25) + 14,000 – (14,000 × .25) = 13,750 lamps

199. Refer to Figure 8-2. In going from the sales budget to the production budget, adjustments to the sales budget need
to be made for
a. finished goods inventories
b. cash receipts
c. factory overhead costs
d. selling expenses

200. Refer to Figure 8-2. How many lamps should be produced in October?
a. 10,000 lamps
b. 14,000 lamps
c. 9,500 lamps
d. 10,500 lamps

(14,000 × .25) + 10,000 – 3,000 = 10,500 lamps
 

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