Use the following information to answer the last 6 questions:   Richey Inc. had the following budget information for 2019: Budgeted Quantity Budgeted Price Direct materials 0.25 pounds $15 per pound Direct labor 0.20 hours $20 per hour In the month of September, Richey Inc. manufactured and sold 10,000 plastic bins. Richey Inc. used 2000 pounds of material costing $31,000 and spent $22,800 on direct labor at an average rate of $19/hour.  

  Tú  vas a ___________________ de negro para el funeral, ¿verdad? (vestirse)

Budgeting slack may result in underestimating revenue or overestimating costs in the budget process.

Which of the following can be a reason for a favorable price variance for direct materials?

  Mis perros __________________________________ , así que necesitan agua. (fill in the blanks)

¿A qué hora te despiertas? (choose an appropriate response)

Which of the following is an example of nonlinear cost function?

The main components of the operating budget are the sales budget; inventory, purchases and costs of goods sold budget; the cash budget; and the pro forma income statement.

Kitchen Appliances Company manufactures two products: toaster ovens and bread machines.  The following data are available:  Toaster Ovens Bread Machines Sales Price $100 $200 Variable Cost $60 $150  The company can manufacture three toaster ovens per machine hour and two bred machines per machine hour. The company’s production capacity is 1,200 machine hours per month.  Assume the company can sell up to 2,100 units of toaster ovens and 1,500 units of bread machines each month. Total fixed costs per month are $50,000. What is the maximum profit the company can earn in a month? 

The manager of Mississippi State’s maintenance department would have responsibility for a profit center.