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    Master Budget

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    AndiFMoreira
    The document contains sales, production, materials purchases, labor, overhead, and cash budgets for January through May. Key details include: - Expected unit sales are 35,000 in January, 20,000 in February, and 15,000 in March, totaling 70,000 for the quarter. - Materials needed for production include polyester and lining material. The total materials purchases budgeted for January is $1,527,200. - The labor budget shows total labor costs of $437,000 for January based on expected production levels. - The cash budget tracks beginning and ending cash balances as well as expected cash collections and payments monthly. The ending cash balance is projected to be $1

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    Master Budget

    Uploaded by

    AndiFMoreira
    228 views12 pages
    The document contains sales, production, materials purchases, labor, overhead, and cash budgets for January through May. Key details include: - Expected unit sales are 35,000 in January, 20,000 in February, and 15,000 in March, totaling 70,000 for the quarter. - Materials needed for production include polyester and lining material. The total materials purchases budgeted for January is $1,527,200. - The labor budget shows total labor costs of $437,000 for January based on expected production levels. - The cash budget tracks beginning and ending cash balances as well as expected cash collections and payments monthly. The ending cash balance is projected to be $1

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    The document contains sales, production, materials purchases, labor, overhead, and cash budgets for January through May. Key details include: - Expected unit sales are 35,000 in January, 20,000 in February, and 15,000 in March, totaling 70,000 for the quarter. - Materials needed for production include polyester and lining material. The total materials purchases budgeted for January is $1,527,200. - The labor budget shows total labor costs of $437,000 for January based on expected production levels. - The cash budget tracks beginning and ending cash balances as well as expected cash collections and payments monthly. The ending cash balance is projected to be $1

    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
    228 views12 pages

    Master Budget

    Uploaded by

    AndiFMoreira
    The document contains sales, production, materials purchases, labor, overhead, and cash budgets for January through May. Key details include: - Expected unit sales are 35,000 in January, 20,000 in February, and 15,000 in March, totaling 70,000 for the quarter. - Materials needed for production include polyester and lining material. The total materials purchases budgeted for January is $1,527,200. - The labor budget shows total labor costs of $437,000 for January based on expected production levels. - The cash budget tracks beginning and ending cash balances as well as expected cash collections and payments monthly. The ending cash balance is projected to be $1

    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 12

    SALES BUDGET

    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit sales 35000 20000 15000 70000 8000 6000
    Selling price per unit 85 85 85 85 85 85
    Sales revenue 2975000 1700000 1275000 5950000 680000 510000

    PRODUCTION BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit sales 35000 20000 15000 70000 8000 6000
    Desired ending finished goods 16000 12000 56000 56000 4800 6000
    Total units required 51000 32000 71000 126000 12800 12000
    Beginning finished goods 28000 16000 12000 28000 56000 4800
    Units to produce 23000 16000 59000 98000 -43200 7200
    MATERIALS PURCHASES BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Production units- Polyester 23000 16000 59000 98000 -43200 7200
    Polyester yards per unit 5 5 5 5 5 5
    Total yards required 115000 80000 295000 490000 -216000 36000
    Desired polyester ending inventory 51000 5900 -4320 52580 720 36000
    Total requirements in yards 166000 85900 290680 542580 -215280 72000
    Cost per yard 8 8 8 8 8 8
    Total polyester purchases 1328000 687200 2325440 4340640 ### 576000

    Production units- Lining Material 23000 16000 59000 98000 -43200 7200
    Lining material yards per unit 3 3 3 3 3 3
    Total yards required 69000 48000 177000 294000 -129600 21600
    Desired lining material ending inventory 30600 5900 -4320 0 720 21600
    Total requirements in yards 99600 53900 172680 294000 -128880 43200
    Cost per yard 2 2 2 2 2 2
    Total lining material purchases 199200 107800 345360 588000 -257760 86400

    Total Materials purchases 1527200 795000 2670800 4928640 ### 662400

    LABOR BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Total production (units) 23000 16000 59000 98000 -43200 7200
    Hours per unit 2 2 2 2 2 2
    Total hours required 46000 32000 118000 196000 -86400 14400
    Labor rate per hour 9.5 9.5 9.5 9.5 9.5 9.5
    Total labor cost 437000 304000 1121000 1862000 -820800 136800
    OVERHEAD BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Total production (units) 23000 16000 59000 98000 -43200 7200
    Hours per unit 2 2 2 2 2 2
    Total hours required 46000 32000 118000 196000 -86400 14400
    Variable overhead rate per hour 4.25 4.25 4.25 4.25 4.25 4.25
    Variable manufacturing overhead 195500 136000 501500 833000 -367200 61200
    Fixed manufacturing overhead 82000 82000 82000 82000 82000 82000
    Total manufacturing overhead 277500 218000 583500 915000 -285200 143200

    SELLING AND ADMINISTRATIVE BUDGET


    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit Sales 35000 20000 15000 70000 8000 6000
    Variable cost component 5.25 5.25 5.25 5.25 5.25 5.25
    Variable expenses 183750 105000 78750 367500 42000 31500
    Fixed expenses 50000 50000 50000 50000 50000 50000
    Total selling and administrative expense
    233750 155000 128750 517500 92000 81500

    CASH BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Beginning cash balance 202000 1607450 1737950 1415920 3385320 3727620
    Cash collections 2822500 1827500 1317500 5967500 739500 527000
    Cash disbursements 1417050 1697000 1639530 3998100 397200 1540140
    Cash excess of deficit 1405450 130500 -322030 1969400 342300 (1013140)
    Ending balance 1607450 1737950 1415920 3385320 3727620 2714480
    SHEDULE OF CASH COLLECTIONS
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    January collections for Dec. sales 145000 145000
    January collections for Jan. sales 2677500 2677500
    February collections for Jan. sales 297500 297500
    February collections for Feb. sales 1530000 1530000
    March collections for Feb. sales 170000 170000
    March collections for Mar. sales 1147500 1147500
    April collections for Mar. sales 127500
    April collections for Apr. sales 612000
    May collections for Apr. sales 68000
    May collections for May sales 459000
    2822500 1827500 1317500 5967500 739500 527000

    CASH PAYMENTS
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Materials 864800 921000 895280 2189600 144000 1059840
    Labor 163400 372400 368600 904400 54720 218880
    Overhead 155100 248600 246900 486600 106480 179920
    Selling and Administrative 233750 155000 128750 417500 92000 81500
    1417050 1697000 1639530 3998100 397200 1540140
    SALES BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit sales 35000 20000 10000 65000 8000 6000
    Selling price per unit 85 85 85 85 85 85
    Sales revenue 2975000 1700000 850000 5525000 680000 510000

    PRODUCTION BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit sales 35000 20000 10000 65000 8000 6000
    Desired ending finished goods 1600 800 5200 5200 480 6000
    Total units required 36600 20800 15200 70200 8480 12000
    Beginning finished goods 28000 1600 800 28000 5200 480
    Units to produce 8600 19200 14400 42200 3280 11520

    MATERIALS PURCHASES BUDGET


    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Production units- Polyester 8600 19200 14400 42200 3280 11520
    Polyester yards per unit 5 5 5 5 5 5
    Total yards required 43000 96000 72000 211000 16400 57600
    Desired polyester ending inventory 51000 1440 328 1152 57600
    Total requirements in yards 94000 97440 72328 211000 17552 115200
    Cost per yard 8 8 8 8 8 8
    Total polyester purchases 752000 779520 578624 1688000 140416 921600

    Production units- Lining Material 8600 19200 14400 42200 3280 11520
    Lining material yards per unit 3 3 3 3 3 3
    Total yards required 25800 57600 43200 126600 9840 34560
    Desired lining material ending inventory 30600 1440 328 0 1152 34560
    Total requirements in yards 56400 59040 43528 126600 10992 69120
    Cost per yard 2 2 2 2 2 2
    Total lining material purchases 112800 118080 87056 253200 21984 138240

    Total Materials purchases 864800 897600 665680 1941200 162400 1059840

    LABOR BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Total production (units) 8600 19200 14400 42200 3280 11520
    Hours per unit 2 2 2 2 2 2
    Total hours required 17200 38400 28800 84400 6560 23040
    Labor rate per hour 9.5 9.5 9.5 9.5 9.5 9.5
    Total labor cost 163400 364800 273600 801800 62320 218880

    OVERHEAD BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Total production (units) 8600 19200 14400 42200 3280 11520
    Hours per unit 2 2 2 2 2 2
    Total hours required 17200 38400 28800 84400 6560 23040
    Variable overhead rate per hour 4.25 4.25 4.25 4.25 4.25 4.25
    Variable manufacturing overhead 73100 163200 122400 358700 27880 97920
    Fixed manufacturing overhead 82000 82000 82000 82000 82000 82000
    Total manufacturing overhead 155100 245200 204400 440700 109880 179920

    SELLING AND ADMINISTRATIVE BUDGET


    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Unit Sales 35000 20000 10000 65000 8000 6000
    Variable cost component 5.25 5.25 5.25 5.25 5.25 5.25
    Variable expenses 183750 105000 52500 341250 42000 31500
    Fixed expenses 50000 50000 50000 50000 50000 50000
    Total selling and administrative expense 233750 155000 102500 391250 92000 81500
    CASH BUDGET
    EXPECTED
    JANUARY FEBRUARY MARCH QUARTER APRIL MAY
    Beginning cash balance 202000 1607450 1737950
    Cash collections 2822500 1827500 1317500 5967500 739500 527000
    Cash disbursements 1417050 1697000 1639530 3998100 397200 1540140
    Cash excess of deficit 1405450 130500 -322030 1969400 342300 (1013140)
    Ending balance 1607450 1737950 1415920
    SHEDULE OF CASH COLLECTIONS
    JANUARY FEBRUARYMARCH QUARTER APRIL MAY
    January collections for Dec. sales 145000 145000
    January collections for Jan. sales 2677500 2677500
    February collections for Jan. sales 297500 297500
    February collections for Feb. sales 1530000 1530000
    March collections for Feb. sales 170000 170000
    March collections for Mar. sales 765000 765000
    April collections for Mar. sales 85000
    April collections for Apr. sales 612000
    May collections for Apr. sales 68000
    May collections for May sales 459000
    2822500 1827500 935000 5585000 697000 527000

    CASH PAYMENTS
    JANUARY FEBRUARYMARCH QUARTER APRIL MAY
    Materials 864800 921000 895280 2189600 144000 1059840
    Labor 163400 372400 368600 904400 54720 218880
    Overhead 155100 248600 246900 486600 106480 179920
    Selling and Administrative 233750 155000 128750 417500 92000 81500
    1417050 1697000 1639530 3998100 397200 1540140

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