I need help with this accounting homework

Quiz Question 1 (1 point)   1) The revenues budget identifies ________. Question 1 options:

A) expected cash flows for each product

B) actual sales from last year for each product

C) the expected level of sales for the company

D) the variance of sales from actual for each product

Save Question 2 (1 point)   Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,000 units of Luxuria in 2016.The following estimates are given for 2016:                                                                                                        Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Meridian had an inventory of 200 units of Prime and 75 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 200 units of Luxuria.   Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 100 units of Crimpson in stock at the end of 2015.The management does not want to have any stock of Crimpson at the end of 2016.     How many units of Prime watches must be produced in 2016? Question 2 options:

A) 3,350 units

B) 3,150 units

C) 3,000 units

D) 2,800 units

Save Question 3 (1 point)   Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,000 units of Luxuria in 2016.The following estimates are given for 2016:                                                                                                        Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Meridian had an inventory of 200 units of Prime and 75 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 200 units of Luxuria.   Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 100 units of Crimpson in stock at the end of 2015.The management does not want to have any stock of Crimpson at the end of 2016.   3) What is the amount budgeted for purchase of Crimpson in 2016?   Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Question 3 options:

A) $31,500

B) $10,250

C) $30,500

D) $10,000

Save Question 4 (1 point)   Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,000 units of Luxuria in 2016.The following estimates are given for 2016:                                                                                                        Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Meridian had an inventory of 200 units of Prime and 75 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 200 units of Luxuria.   Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 100 units of Crimpson in stock at the end of 2015.The management does not want to have any stock of Crimpson at the end of 2016. 4) What is the total budgeted cost of sold for Meridian Industries in 2016?    Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Question 4 options:

A) $500,000

B) $600,000

C) $700,000

D) $800,000

Save Question 5 (1 point)   Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,000 units of Luxuria in 2016.The following estimates are given for 2016:                                                                                                        Prime     Luxuria         Selling price                                                        $200         $500         Direct materials                                                      20              50         Direct labor                                                              40           150         Manufacturing overhead                                     40           100   Meridian had an inventory of 200 units of Prime and 75 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 200 units of Luxuria.   Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 100 units of Crimpson in stock at the end of 2015.The management does not want to have any stock of Crimpson at the end of 2016.   What is the total budgeted cost of goods manufactured in 2016? Question 5 options:

A) $600,000

B) $625,500

C) $652,500

D) $667,500

Save Question 6 (1 point)   Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units.   The flexible-budget amount for materials is ________. Question 6 options:

A) $165,000

B) $135,000

C) $161,700

D) $132,300

Save Question 7 (1 point)   Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units. The flexible-budget variance for materials is ________.   Question 7 options:

A) $2,700 favorable

B) $2,700 unfavorable

C) $3,300 unfavorable

D) $3,300 favorable

Save Question 8 (1 point)   Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units. The sales-volume variance for materials is ________. Question 8 options:

A) $2,700 favorable

B) $29,400 unfavorable

C) $30,000 unfavorable

D) $2,700 unfavorable

Save Question 9 (1 point)   Lunicious Corporation currently produces baseball caps in an automated process. Expected production per month is 15,000 units, direct material costs are $3.50 per unit, and manufacturing overhead costs are $40,000 per month. Manufacturing overhead is entirely fixed costs. What is the flexible budget for 12,000 and 15,000 units, respectively? Question 9 options:

A) $74,000; $92,500

B) $74,000; $84,500

C) $82,000; $92,500

D) $82,000; $84,500