Java Gourmet Coffee Java Gourmet Coffee Reports the Following Data for April 2010

question 18

Multiple Choice

Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage) ,
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the flexible budget for direct materials.

• A)$115,500
• B)$105,500
• C)$100,000
• D)$ 95,500

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Definitions:

Reinstated Account

An account previously closed or inactivated that has been restored to active status.

Uncollectible Receivables

Debts that are deemed unrecoverable by a company after exhaustive attempts to collect them, often written off as an expense.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any costs for completion, disposal, and transportation.