GNBExam09 - GNB 12e Practice Exam Chapter 9 Print these...

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GNB 12e Practice Exam – Chapter 9 Print these pages. Answer each of the following questions, explaining your answers or showing your work, as appropriate, and then compare your solutions to those provided at the end of the practice exam. 1. Frame-It Company produces and sells picture frames. To guard against out of stock situations, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of picture frames over the next three months are: January February March Budgeted sales in units 320,000 480,000 400,000 What would budgeted production for February be? 2. Santypal Company has budgeted production for next year as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Production in units 80,000 96,000 128,000 112,000 Ten pounds of raw materials are required for each unit produced. Raw materials on hand at the beginning of the year total 20,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. What would budgeted purchases of raw materials in the second quarter be?
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3. Daley Company plans to sell 96,000 units during the month of August. If the company has
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This note was uploaded on 11/04/2009 for the course SBA ACC 2302 taught by Professor Ahmedbashir during the Spring '09 term at Al Akhawayn University.

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GNBExam09 - GNB 12e Practice Exam Chapter 9 Print these...

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