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Last Update 7 hours ago Total Questions : 392
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Refer to the Exhibit.
CM has produced the following budget information for next year:
The opening receivables balance represents 2 months sales. It is expected that the same level of sales will continue at an even rate throughout the year.
In an effort to improve receivables collection periods it is proposed to offer a discount of 5% for payment by cash. It is expected that 20% of customers will pay by cash. Of the remaining 80% credit sales, 40% will be settled within 1 month and 60% are expected to settle within 2 months.
What are the budgeted cash receipts from cash and credit sales in the year?
Refer to the exhibit.
Xey Ltd. has the following budgeted information for product T4 in July:
The actual results for July were as follows:
What is the total sales margin variance?
An increase in variable costs per unit, where selling price and fixed costs remain constant, will result in which of the following:
PQR Manufacturing Ltd. has £3,000,000 of fixed costs for the forthcoming period. The company produces a single product ' X ' , which has a selling price of £75 per unit and total cost of £50.
75% of the total cost represents variable costs.
What are the break-even units?
In order to provide information that is suitable for control purposes, the budget must be:
The materials price variance will be adverse when:
Refer to the exhibit.
Budget information for ' Crome Ltd ' is as follows:
The budgeted cost allowance for the sale of 1000 units would be:
Refer to the exhibit.
Each unit of product ‘Smitten’ uses 5 kgs of material ' Z ' .
The budgeted details for March are as follows:
It is anticipated that sales of product ‘Smitten’ in March will be 20000 units.
The amount of material ' Z ' that needs to be purchased in March is:
Refer to the exhibit.
The following information is available for a production process:
The cost per unit of good output is:
Give your answer to 2 decimal places.
Which of the following would have an impact on the cash budget?
(a) Change in payables terms
(b) Change in the rate of depreciation
(c) Change in the percentage discount allowed
(d) Change of inventory holding policy
