Cost that requires cash disbursement

See attached.

1. is a cost that requires a cash disbursement.

2. The salary forgone by a person who quits a job to start a business is an example of a(n)

3. Bull Company manufactures a part for its production cycle. The costs per unit for 5,000 units of this part are as follows:

Heat Corporation has offered to sell 5,000 units of the same part to Bull Company for $13 a unit. Assuming no other use for the facilitates, Bull Company should:

4. Bull Company manufactures a part for its production cycle. The costs per unit for 5,000 units of this part are as follows:

Assume that Bull Company has been offered 5,000 units of the part from another producer for $15 each. The facilities currently used to make the part could be rented out to another manufacturer for $20,000 a year. Bull Company should

5. A key factor in a make or buy decision is

6. Fixed costs that may be avoided in the future are

7. Beyer Corporation has a joint process which produces three products, M, L and B. Each product may be sold at split off or processed further and then sold. Joint processing costs for a year amount to $25,000.

Once product M is produced, processing it further will cause profits to

8. Beyer Corporation has a joint process which produces three products, M, L and B. Each product may be sold at split off or processed further and then sold. Joint processing costs for a year amount to $25,000.

Product L

9. Beyer Corporation has a joint process which produces three products, M, L and B. Each product may be sold at split off or processed further and then sold. Joint processing costs for a year amount to $25,000.

In processing Product B further

10. Two or more manufactured products that have relatively significant sales values and are not separately identifiable as individual products until their split-off point are called

11. Which of the following is NOT an example of a joint product?

12. are the costs of manufacturing joint products after the split-off point.

13. is the juncture in manufacturing where the joint products become individually identifiable.

14. The financial budget includes

15. Managers need budgets for all of the following reasons EXCEPT

16. The master budget includes forecasts for all of the following EXCEPT

17. Budgets that detail the planned expenditures for facilities, equipment, new products, and other long-term investments is (are)

18. Which of the following is sometimes called rolling budgets?

19. Unit sales of Product X are currently 10,000, while unit sales of Product Y are double those of Product X. What will the company's sales forecast be, assuming sales of Product X increase by 10% and those of Product Y go up by 4,000 units?

20. For next year, Miller Company has budgeted sales of 20,000 units, target ending finished goods inventory of 1,000 units, and a beginning finished goods inventory of 600 units. All other inventories are zero. How many units should be produced?

21. Which of the following is generally the first step in preparing the operating budgets?

22. Grinnell Manufacturing Company has the following information:

What is the expected total expenses budgeted for the month of March?

23. The following sales budget has been prepared:
What is the expected cash collections in August?

24. Bear Company has the following information:

What is the total estimated cash disbursements in March for the purchase of merchandise?

25. Which of the following is an important factor considered by sales forecasters?