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The document contains 4 budgeting questions with multiple choice answers. Question 74 asks about flexible budgeting overhead costs at Trepid Manufacturing given static budget information. Question 75 asks about budgeted selling expenses for Mark Manufacturing given estimates of various expenses. Question 76 asks about flexible budgeting of manufacturing costs for Ziglar's Sipit Company. Question 77 asks about flexible budgeting of manufacturing costs for True Masons.

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81 views2 pages

Mas - 2

The document contains 4 budgeting questions with multiple choice answers. Question 74 asks about flexible budgeting overhead costs at Trepid Manufacturing given static budget information. Question 75 asks about budgeted selling expenses for Mark Manufacturing given estimates of various expenses. Question 76 asks about flexible budgeting of manufacturing costs for Ziglar's Sipit Company. Question 77 asks about flexible budgeting of manufacturing costs for True Masons.

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Rosemarie Cruz
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74.

Trepid Manufacturing Company prepared a static budget of 40,000 direct labor hours, with
estimated overhead costs of

$200,000 for variable overhead and $60,000 for fixed overhead. Trepid then prepared a flexible budget
at 38,000 labor hours. How

much is total overhead costs at this level of activity?

a. $190,000

b. $250,000

c. $247,000

d. $260,000

75. For June, Mark Manufacturing estimated sales revenue at $200,000. It pays sales commissions that
are 4% of sales. The

sales manager's salary is $95,000, estimated shipping expenses total 1% of sales, and miscellaneous
selling expenses are $5,000.

How much are budgeted selling expenses for the month of July if sales are expected to be $180,000?

a. $14,000

b. $109,000

c. $9,000

d. $110,000

76. Ziglar’s Sipit Company budgeted manufacturing costs for 25,000 sipits are:

Fixed manufacturing costs $25,000 per month

Variable manufacturing costs $12.00 per sipit

Ziglar’s produced 20,000 sipits during March. How much is the flexible budget for total manufacturing
costs for March?

a. $260,000

b. $325,000

c. $240,000

d. $265,000

77. True Masons budgeted costs for 25,000 linear feet of block are:

Fixed manufacturing costs $12,000 per month

Variable manufacturing costs $16.00 per linear


True Masons installed 20,000 linear feet of block during March. How much is budgeted total
manufacturing costs in March?

a. $320,000

b. $412,000

c. $400,000

d. $332,000

78. In the Klugman Company, indirect labor is budgeted for $36,000 and factory supervision is budgeted
for $12,000 at

normal capacity of 80,000 direct labor hours. If 90,000 direct labor hours are worked, flexible budget
total for these costs is

a. $48,000.

b. $54,000.

c. $52,500.

d. $49,500.

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