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    Auto M.A Report

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    Syed Munawar
    1. The document presents budgets for sales, production, direct materials, direct labor, manufacturing overhead, and selling & administrative expenses. It budgets sales of 500,000 boxes each of type C and P at prices of $0.90 and $1.30 per box respectively, for total projected sales of $1.1 million. 2. Production budgets show 495,000 of each box type will be produced. Direct materials budgets track usage of paperboard and corrugated medium in pounds and dollars for each box type. Direct labor budgets hours and costs for each product. 3. Manufacturing overhead, selling expenses, and income statements are also budgeted, projecting a net profit of $342,000.

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    Auto M.A Report

    Uploaded by

    Syed Munawar
    4 views11 pages
    1. The document presents budgets for sales, production, direct materials, direct labor, manufacturing overhead, and selling & administrative expenses. It budgets sales of 500,000 boxes each of type C and P at prices of $0.90 and $1.30 per box respectively, for total projected sales of $1.1 million. 2. Production budgets show 495,000 of each box type will be produced. Direct materials budgets track usage of paperboard and corrugated medium in pounds and dollars for each box type. Direct labor budgets hours and costs for each product. 3. Manufacturing overhead, selling expenses, and income statements are also budgeted, projecting a net profit of $342,000.

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    1. The document presents budgets for sales, production, direct materials, direct labor, manufacturing overhead, and selling & administrative expenses. It budgets sales of 500,000 boxes each of type C and P at prices of $0.90 and $1.30 per box respectively, for total projected sales of $1.1 million. 2. Production budgets show 495,000 of each box type will be produced. Direct materials budgets track usage of paperboard and corrugated medium in pounds and dollars for each box type. Direct labor budgets hours and costs for each product. 3. Manufacturing overhead, selling expenses, and income statements are also budgeted, projecting a net profit of $342,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views11 pages

    Auto M.A Report

    Uploaded by

    Syed Munawar
    1. The document presents budgets for sales, production, direct materials, direct labor, manufacturing overhead, and selling & administrative expenses. It budgets sales of 500,000 boxes each of type C and P at prices of $0.90 and $1.30 per box respectively, for total projected sales of $1.1 million. 2. Production budgets show 495,000 of each box type will be produced. Direct materials budgets track usage of paperboard and corrugated medium in pounds and dollars for each box type. Direct labor budgets hours and costs for each product. 3. Manufacturing overhead, selling expenses, and income statements are also budgeted, projecting a net profit of $342,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 11

    1.

    sales Budget:
    VOLUME in box
    Box type C
    Box type P

    SALES PRICE per 100box

    500000
    500000
    1000000 SALES PRICE per 100box

    per BOX PRICE


    90
    $0.90
    130
    $1.30

    TOTAL PRICE
    $450,000.00
    $650,000.00
    $1,100,000.00

    2.production
    budget
    unit sold
    add unit at end
    less unit at start
    unit produce

    box C
    box P
    500000
    500000
    5000
    15000
    -10000
    -20000
    495000
    495000

    3.DIRECT MATERIAL BUDGET IN QUANTITY


    box C
    box P
    unit produce
    495000
    495000
    paper board
    0.3
    0.7
    pound consume
    148500
    346500

    495000

    corrugating madium
    pound consume

    247500

    0.2
    99000

    0.3
    148500

    OR
    material usage budget
    MATERIAL USAGE BUDGET
    box C
    box P
    unit produce
    495000
    495000 POUND
    P.B
    C.M

    148500
    99000

    346500
    148500

    495000
    247500

    DIRECT MATERIAL BUDGET IN DOLLAR


    BOX C
    P.B
    148500
    $0.20
    $29,700.00
    C.M
    99000
    $0.10
    $9,900.00

    BOX P
    346500 $69,300.00 $ 99,000.00
    148500 $14,850.00 $ 24,750.00
    $ 123,750.00

    MATERIAL PURCHASE BUDGET


    P.B
    C.M
    material used
    495000
    247500
    add material end
    5000
    10000
    less material at start
    -15000
    -5000
    material purchase Quantity
    485000
    252500
    purchase price
    0.2
    0.1
    mterial purchase budget
    97000
    25250

    122250

    DIRECT LABOUR BUDGET


    product
    C
    P

    unit produce
    495000
    495000

    diret lab hour


    0.0025
    0.005

    total hours
    1237.5
    2475
    3712.5

    rate per hr
    12
    12

    total
    14850
    29700
    44550

    unit cost
    direct material
    RATE
    P.B
    C.M
    D.LHR
    FOH

    per unit cost


    C
    0.2
    0.1
    12
    40

    0.3000
    0.2000
    0.0025
    0.0025

    PER UNIT COST

    $
    $
    $
    $

    0.06
    0.02
    0.03
    0.10

    0.21

    FOH RATE=FOH/TOTAL D.LABR HR

    FOH RATE=

    148500
    3712.5

    40

    FOH RATE=

    P
    0.2
    0.1
    12
    40

    0.7
    0.3
    0.005
    0.005

    $
    $
    $
    $

    0.14
    0.03
    0.06
    0.20

    0.43

    BUDGETD INCOME STATEMENTS


    BUDGETED SALES
    C
    $450,000.00
    P
    $650,000.00
    $1,100,000.00
    LESS COST OF GOOD SOLD
    C
    500000 unit sold @ $
    P
    500000 unit sold @ $
    GROSS PROFIT
    LESS SELLNG AND ADMIN EXPENSE
    OPERATING PROFIT
    LESS 40% INCOME TAX
    NET PROFIT

    0.21 $
    0.43 $

    105,000.00
    215,000.00

    $ 320,000.00
    $780,000.00
    210000
    $570,000.00
    -228000
    $342,000.00

    MANUFACTURING OVERHEAD
    INDIRECT MATERIAL
    $
    INDIRECT LABOR
    UTILITIES
    PROPERTY TAX
    INSURANCE
    DEPRCIATION
    TOTAL

    10,500
    50000
    25000
    18000
    16000
    29000
    148,500

    SELLING AND ADMINISTRATIVE EXPENSE


    salaries and fringe benefit
    $
    75,000
    advertising
    15000
    managemnet salaries
    90000
    clerical wages
    26000
    miscellaneous admin expenses
    4000
    TOTAL

    210,000

    500000

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