Managerial Accounting Exam (Answered Correctly 100%)

A company sell pretzels for $1.50/bag. Their February ending inventory was $1600. Marketing prepares the following forecast: correct answers (c ) 15,700 Same info as no 1. What is the sales budget for January? correct answers 24,300 Budgets are correct answers (d) Uses by individual, staffs, managers department. A listing of line item that the organization will use to classify its accounting information is ?? correct answers a. balance sheet RABBIT, long question, the answer is correct answers $11.00 The brothers sell pretzels for $150 per bac, marketing prepares the following sales forcast for the 1st quarter of the year. jan 15000, feb 12000, march 16000 What is the sales budget for the 1st quarter (d) 64500 correct answers (d) 64500 Compute the fixed cost? DM 100000. DL 150000, Overhead 75000, sales 120000 correct answers Fixed cost will be Overhead 75000. If answer is not 75000 then "None of above" The primary purpose for carrying on "cost accounting activity" is correct answers (c) Plan operations Cost that are always relevent in making decisions are correct answers (b) Cost that can be avoided, NPV and IRR not TRUE correct answers (c) NPV alone can be used to compare investments of different sizes. Company Z (long question) What are the fixed cost? correct answers (d) 20% of the sales revenue The amount of overhead applied to a product or service is normally calculated by. correct answers Dividing estimated overhead by estimated units of the cost driver. Comparing actual outcomes with budget outcomes, then following up, is a example correct answers b. Operating activities AND e. Accounting ??? Which of the following is typically a starting point for the budget process? correct answers A sales budget