Feedee Company Has Budgeted Sales and Production (In Units) Over

question 65

Multiple Choice

Feedee Company has budgeted sales and production (in units) over the next three months as follows: $$\begin{array} { l c c c } & \text { January } & \text { February } & \text { March } \\\text { Sales } & 50,000 & ? & 80,000 \\\text { Froduction } & 52,000 & 64,000 & 78,000\end{array}$$ There are 10,000 units on hand on January 1. A minimum of 20 per cent of the next month's sales in units must be on hand at the end of each month. April sales are expected to be 70,000. Budgeted sales for February would be

• A)64,000.
• B)78,000.
• C)60,000.
• D)52,000.

Comprehend the significance of allowances for waste, spoilage, and other factors in setting standards for materials and labor.

Identify and calculate variances in direct materials (quantity and price) and direct labor (efficiency and rate).

Grasp the role of freight-in, receiving, handling costs, and discounts in calculating the standard cost of direct materials.

Recognize the role and responsibility of different departments (purchasing and production) in managing cost variances.

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