- The difference between actual quantity used and the standard quantity allowed results in a:
Standard variance.
Budget variance.
Quantity variance.
Price variance.
- Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:
10,000
11,249
10,816
11,000
Bengal Co. provides the following sales forecast for the next three months:
July August September
Sales units 5,000 5,700 5,560
- The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for July are:
6,250 units.
6,425 units.
2,500 units.
5,175 units.