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Unformatted text preview: What will be the number of chests produced in January 200X? A. 8,800 chests B. 11,200 chests C. 13,000 chests D. 14,200 chests 4. The major types of responsibility centers are: A. profit, nonprofit, and governmental. B. profit, sales, and direct cost. C. revenue, profit, income, and cost. D. revenue, profit, cost and investment. 5. Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000. Cost of units sold is expected to be 40 percent of sales. All units are paid for in the month following purchase. The beginning inventory of units is $20,000 and an ending amount of $24,000 is desired. Beginning accounts payable is $152,000. Cash used to pay accounts payable for the month totaled: A. $244,000 B. $240,000 C. $156,000 D. $152,000...
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