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NEW QUESTION 40
Playtime inc. manufactures playground equipment and uses 60 board feet of lumber in each model no 643 produced The company, which anticipates selling 350 units of this model during April, plans to boost its finished goods inventory in April by 80 units in preparation for the peak summer season Playtime expects to manufacture 450 units in May Playtime has only 500 board feet of lumber on hand as of April 1 because of a temporary shortage, and typically maintains a lumber Inventory equal to 20% of the following month’s production needs. On the basis of this information, how many board feet of lumber should the company plan to purchase in April?

  • A. $31,700
  • B. $31,900
  • C. $31,200
  • D. $30,700

Answer: D

 

NEW QUESTION 41
What is the best type of accounting system control to help prevent improper manipulation of data and to ensure the continued, satisfactory use of the hardware and software?

  • A. Processing controls such as limiting access
  • B. Output controls such as a maximum check
  • C. input controls such as a limit check
  • D. Throughput controls such as a hash total

Answer: C

 

NEW QUESTION 42
Marsalis Products Inc. manufactures and sells batteries and cables for computers. The latest information on the products and their costs is shown in the following table.

Note: 1 Fixed manufacturing cost of S1.500,000 per year is allocated to products based on the number of machine hours required to produce the product at a rate of S3 per machine hour.
Based on the information above, what is the annual amount of earnings before interest and taxes (EBIT)?

  • A. $2,960.000.
  • B. $4,420,000.
  • C. $1,460,000.
  • D. $2,920,000.

Answer: C

 

NEW QUESTION 43
A company has the following accounts included in its trial balance as of December 31

What amount of equity will be reported on me company’s balance sheet as of December 31?

  • A. $657,500
  • B. $626,500
  • C. $599,000.
  • D. $92,500.

Answer: D

 

NEW QUESTION 44
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