Câu 1: Which of the following is NOT an objective of the budgeting process?

A. To communicate management’s plans throughout the entire organization.

B. To uncover potential bottlenecks before they occur
C. To ensure that the company continues to grow
D. To provide ameans of allocating resources to those parts of the organization
where they can be used most effectively.

Câu 2: Sharp Company, a retailer, plans to sell 15,000 units of Product X during
the month of August. If the company has 2,500 units on hand at the start of the
month, and plans to have 2,000 units on hand at the end of the month, how many
units of Product X must be purchased from the supplier during the month?
A. 17,000
B. 14,500 (15,000 + 2,000 - 2,500)
trong tháng 8 dự định bán 15,000 tức là tháng 8 phải mua 15,000, cuối tháng
phải chừa 2,000 cho tháng sau, tuy nhiên đầu tháng mình đã có 2,500 => cần
phải mua thêm 14,500
C. 15,000
D. 15,500

Câu 3: Which of the following steps in the preparation of a master budget would
logically be performed first?
Prepare sales budgeted (sales forecast) => production budgeted => DM budget
=> DL budget => MOH budget => S&A exp budget => Cash budget => Budgeted
Income Statement => Budgeted Balance Sheet
A. Prepare a sales forecast
B. Prepare production schedules
C. Prepare a cash budget
D. Prepare a budgeted balance sheet

Câu 4: Home Company will open a new store on January 1. Based on experience
from its other retail outlets, Home Company is making the following sales
projections:
Cash Sales Credit Sales

January $60,000 $40,000

February $30,000 $50,000

March $40,000 $60,000

April $40,000 $80,000

Home Company estimates that 70% following the month of sale, with the balance
collected in the second month following the month of sale. Based on these data,
the balance in accounts receivable on January 31 will be:
CASH RECEIPTS FROM SALES
January February March April Total

Cash sales 60,000 30,000 40,000 40,000

Credit 40,000 x 70% 40,000 x 30% 40,000

sales from = 28,000 = 12,000
January

Credit 50,000 x 70% 50,000 x 30% 50,000

sales from = 35,000 = 15,000
February

Credit 60,000 x 70% 60,000

sales from = 42,000
March

Credit 80,000
sales from
April

Total cash 60,000 58,000 87,000 97,000

collection

Account 40,000 40,000 + 50,000 + 60,000 +

receivable 50,000 - 60,000 - 80,000 -
28,000 = 35,000 = 42,000
62,000 75,000 = 98,000

A. $28,000
B. $58,000
C. $40,000
D. $12,000

Câu 5: The Gerald Company makes and sells a single product called a Clop.
Each Clop requires the use of 1.1 hours of direct labor time. The planned cost of
direct labor time is $8.20 per hour. The direct labor workforce is fully adjusted
each month to the require workload. The company wished to prepare a Direct
labor Budget for the first quarter of the year.
If the company has budgeted to produce 20,000 Clops in January, then the
budgeted direct labor cost for January is:
Budgeted DL costs
= Total hours required for production x Standard rate per DL hour
= Total unit to be produce x Standard labor hours per unit x Standard rate per DL hour
= 20,000 x 1.1 x 8.20 = 180,400
A. $180,400 (20,000 x 8.2 x 1.1 )
B. $164,000
C. $172,200
D. $195,600

Câu 6: O’Connor Corporation had December sales of $30,000. Anticipated sales

during January are $40,000, and February sales are projected at $37,500. 40% of
sales are cash sales, the remainder are on account. Sales on account are expected
to be collected 50% in the month of sale, 45% in the month following the month
of sale, and 5% ultimately prove uncollectible. How much are anticipated cash
collections during the month of February?

A. 25,800
B. 26,250
C. 37,050
D. 36,100

Câu 7: Home Company will open a new store on January 1. Based on experience
from its other retail outlets, Home Company is making the following sales
projections:

Cash Sales Credit Sales

January $60,000 $40,000

February $30,000 $50,000

March $40,000 $60,000

April $40,000 $80,000

Home Company estimates that 70% following the month of sale, with the balance
collected in the second month following the month of sale. The March 31 balance
in accounts receivable will be:
A. $100,000
B. $95,000
C. $75,000 (đã giải ở câu 4)
D. $60,000
Câu 8: Bright Company manufactures mirrors which require 8 square feet of
glass per mirror. Bright anticipates production of 500 units in January, 700 units
in February, and 1,700 units in March. Bright maintains glass on hand equal to
40% of the following month’s anticipated production requirements. The glass
costs $3 per square foot. At the beginning of January, only 500 square feet of
glass is on hand. How many square feet of glass should Bright plan to buy in
February?

January February March

Production (units) 500 700 1,700

Square feet 8 8 8
permission

Total (sq/ft 4,000 5,600 13,600

required)

Particular $/units

Production requirement in February 5,600

(+) closing stock 13,600 x 40% = 5,440

(-) opening stock 5,600 x 40% = 2,240

Total to be purchased in February 8,800

A. 11,040 square feet

B. 8,800 square feet (700 x8 + 1700 x 8 x 40% - 700 x 8 x 40%)
C. 5,440 square feet
D. 2,200 square feet
Câu 9: Hanson anticipates unit sales during the first three months of the
upcoming year at 5,000 for January, 4,000 for February, and 8,000 for March. If
Hanson wishes to maintain its finished goods inventory at 80% of the following
month’s sales, and the January 1 finished goods inventory consisted of 1,000
units. How many units must Hanson produce in January?

Anticipated Sales in Feb 4,000

(+)Closing Stock to be maintained in Jan 8,000 x 80% = 6,400

(-) Opening stock 4,000 x 80% = 3,200

Production in Jan 4,000 + 6,400 - 3,200 = 7,200

A. 6,400
B. 3,200
C. 7,200 (4000 + 8000 x 80% - 4000 x 80% )
D. 8,000

Câu 10: Davey Corporation is preparing its Manufacturing Overhead Budget for
the fourth quarter of the year. The budgeted variable factory overhead rate is
$3,00 per direct labor hour; the budgeted fixed factory overhead is $66,000 per
month, of which $10,000 is factory depreciation.
If the budgeted direct labor time for October is 6,000 hours, then the total
budgeted factory overhead for October is:
Total budgeted cash disbursments for manufacturing overhead
= Budgeted variable MOH costs + Budgeted fixed MOH costs
= (Budgeted DL hours x Standard variable MOH rate) + Budgeted fixed MOH costs
= (6,000 x $3/LHR) + 66,000
= 84,000
A. $74,000
B. $84,000 (6,000 x 3 + 66,000)
C. $28,000
D. $56,000