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problem #4) Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.

	Beginning Inventory		Ending Inventory
Raw material*	55,000		65,000
Finished goods	95,000		65,000

* Three pounds of raw material are needed to produce each unit of finished product.

If Paradise Corporation plans to sell 555,000 units during next year, the number of units it would have to manufacture during the year would be: a)525,000 units b)500,000 units. c)555,000 unitsd)585,000 units.

problem #5. Smith Corporation makes and sells a single product called a Pod. Each Pod requires 1.5 direct labor-hours at $9.70 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. Smith Corporation is preparing a Direct Labor Budget for the second quarter of the year.In June the company has budgeted to produce 22,100 Pods. Budgeted direct labor costs incurred in June would be: (Round your intermediate calculations to 2 decimal places.) a) 245,520. b) 214,370. c) 497,069. d) 321,555.

Problem #6.

The BRS Corporation makes collections on sales according to the following schedule:

40% in month of sale

55% in month following sale

5% in second month following sale

The following sales have been budgeted:

	Sales
April	$	110,000
May	$	120,000
June	$	110,000

Budgeted cash collections in June would be: a) 112,000 b)110,000 c)115,500 d) 110,550

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