Reference no: EM133079538

Questions -

Q1. Adelphi Company has budgeted activity for March to reflect net income $140,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $9,000 payables to increase (decrease -) by $-23,000 and Depreciation Expense is $54,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round to nearest whole number (no cents).

Q2. During FY 2021, Adelphi Company reported sales of $400,000, a contribution margin of $10.00 per unit, fixed costs of $85,000, and net income of $30,000. Use this information to determine the number of units Adelphi sold during FY 2021. (Round answer to nearest whole number)

Q3. Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of $170,000 and Maintenance Services has costs of $165,000 before any allocations. What amount of Maintenance Services total cost is allocated to the Mixing Department? Round to closest whole number (no cents). Employees are:

Computer Operations 4

Maintenance Services 3

Mixing Department 4

Packaging Department 5