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Questions -
Q1. For next year, 21,000 units of finished goods have to be produced, each requiring 1.5 hours of labor. The prevailing hourly rate is expected to be $12 per hour. What is the direct labor cost for next year?
a. 412,000
b. 332,000
c. 356,000
d. 378,000
Q2. The Production Budget is
a. A statement of cash on hand at the start of the budget period, expected cash receipts, expected cash disbursements, and the resulting cash balance at the end of the budget period
b. A detail of Managements expected Sales Forecast and sales price per unit to determine expected total revenue
c. A company's broad objectives established by management that employees work to achieve
d. The production plan of resources needed to meet current sales demand and ensure that inventory levels are sufficient for future sales.
parent company statements parent company acquired 90 percent of son inc. on january 31 20x2 in exchange for cash. the
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