ACCT 505 Dreams Come True /uophelp.com ACCT 505 Dreams Come True /uophelp.com | Page 17

of Goods Manufactured and a Schedule of Cost of Goods Sold for the year . In addition , what is the impact on the financial statements if the endin g finished goods inventory is overstated or understated ? 4 . Question : ( TCO F ) Walker Corporation is preparing its cash budge t for November . The budgeted beginning cash balance is $ 43,000 . Budgeted cash receipts t otal $ 117,000 and budgeted cash disbursements total $ 122,000 . The d esired ending cash balance is $ 55,000 . The company can borrow up to $ 100 , 000 at any time from a local bank , with interest not due until the following m onth . Required : Prepare the company ' s cash budget for November in good form . Make sure to indicate what borrowing , if any , would be needed to attain the desir ed ending cash balance 5 . Question : ( TCO F ) Bella Lugosi Holdings , Inc . ( BLH ), has collect ed the following operating information for its current month ' s activity . Using this infor mation , prepare a flexible budget analysis to determine how well BLH perfor med in terms of cost control . Static Budget Activity level ( in units ) 5,250 5,178 Variable costs : Indirect materials $ 24,182 $ 23,476 Utilities $ 22,356 $ 22,674 Fixed costs : Administration $ 63,450 $ 65,500 Rent $ 65,317 $ 63,904 6 . Question : ( TCO H ) Lindon Company uses 7,500 units of Part Y ea ch year as a