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Acct 2020 Excel Master Budget
Acct 2020 Excel Master Budget
Acct 2020 Excel Master Budget
Master Budget
Sales Budget
December January February March April May
Unit sales 7000 8000 9200 9900 9700 8500
Unit selling price $ 10 $ 10 $ 10 $ 10 $ 10 $ 10
Total sales revenue $ 70,000 $ 80,000 $ 92,000 $ 99,000 $ 97,000 $ 85,000
Production Budget
For the Quarter Ended March 31
Month
January February March Quarter
Unit sales 8000 9200 9900 27100
Plus: Desired ending inventory 2300 2475 2425 2425
Total needed 10300 11675 12325 29525
Less: Beginning inventory 2000 2300 2475 2475
Number of units to produce 8300 9375 9850 27050
April
Unit sales 9700
Plus: Desired ending inventory 2125
Total needed 11825
Less: Beginning inventory 2425
Number of units to produce 9400
DM (pounds) needed per unit 2
DM (pounds) needed for production 18800
Multiply by: Cost per pound $ 2
Total cost of DM purchases $ 37,600
Month
January February March Quarter
20% of current month DM purchases $ 6,726 $ 7,538 $ 7,844 $ 22,108
80% of prior month DM purchases $ 42,400 $ 26,904 $ 30,152 $ 99,456
Total cash payments $ 49,126 $ 34,442 $ 37,996 $ 121,564