HALUM TOYS COMPANY

Halum Toys Company Sales Budget

Q1 Q2 Q3 Q4 Year

Budget 25079 39705 45079 59705 169568

unit sales

Selling 450 450 450 450 450

price per
unit

Total sales 11,285,550 17,867,250 20,285,550 26867250 76305600

Halum Toys Tompany Schedule of Expected Cash Collection

Q1 Q2 Q3 Q4 Year

Beginning Account 3,00,000 3,00,000

Receivable
1st Quarter 7,335,607.5 3,949,942.5 11,285,550
(11,285,550×.65, .35)
2nd Quarter 11,613,712.5 6,253,537.5. 17,867,250
(17,867,250×.65, .35)
3rd Quarter 13,185,607.5 7,099,942.5 20,285,550
(20,285,550×.65, .35)
4th Quarter 17,463,712.5 17,463,712.5
(26,867,250×.65, .35)
Total 7,635,608.5 15,563,655 19,439,145 24,563,655 67,202,062.5
 Halum Toys Company Product Budget
Q1 Q2 Q3 Q4 Year
Budget Sales 25079 39705 45079 59705 169568
Desired good 11,911.5 13,524 17,911.5 18,000 18,000
+finished good
inventory
Total needs 36,990.5 53,229 62,990.5 77,705 1,87,568
-Beginning (12,000) (11,911.5) (13,524) (17,911.5) (12,000)
finished good
inventory
Required 24,990.5 41,317.5 49,466.5 59,793.5 1,75,568
production

Halum Toys Company Direct Material Budget

Q1 Q2 Q3 Q4 Year
Required 24,990.5 41,317.5 49,466.5 59,793.5 1,75,568
Production Unit
Raw Materials 12 12 12 12 12
Required for Per
Unit Production
Required for 2,99,886 4,95,810 5,93,598 7,17,522 2,106,816
Production
+Desired Ending 99,162 1,18,720 2,22,394 1,51,200 1,51,200
Inventory
Total Raw 3,99,048 6,14,530 8,15,992 8,68,722 2,258,016
Materials Required
-Beginning Raw (19,000) (99,162) (1,18,720) (2,22,394) (19,000)
Materials
Raw Materials 3,80,048 5,15,368 6,97,272 6,46,328 2,239,016
Required to
Purchase
Cost Per Unit Raw $1.50 $1.50 $1.50 $1.50 $1.50
Materials
Total Raw 5,70,072 7,73,052 1,045,908 9,69,492 3,358,524
Materials to be
Purchased
 Halum Toys Company Expected Cash Payment
Q1 Q2 Q3 Q4 Year
Beginning Accounts 65,000 65,000
Payable
st
1 Quarter 3,70,547 1,99,525.2
(5,70,072×.65, .35)
2nd Quarter 5,02,484 2,70,568.2
(7,73,052×.65, .35)
3rd Quarter 6,79,840.2 3,66,068
(1,045,908×.65, .35)
4th Quarter 6,30,170 6,30,170
(9,69,492×.65, .35)
Total Cash Payment 3,70,547 7,67,009.2 9,50,408.4 9,96,238 3,084,203

Halum Toys Company Direct Labor Budget

Q1 Q2 Q3 Q4 Year
Required Production 24,990.5 41,317.5 49,466.5 59,793.5 1,75,568
Unit
Required Direct Labor 1.2 1.2 1.2 1.2 1.2
Per Unit Production
Total Direct Labor 29,988.6 49,581 59,359.8 71,752.2 2,10,681.6
Hours Needed
Cost of Per Direct $21 $21 $21 $21 $21
Labor Hour
Total Cash 6,29,760.6 1,041,201 1,246,555.8 1,506,796.2 4,424,314
Disbursement Budget
of Direct Labor
 Halum Toys Company Manufacturing Overhead Budget
Q1 Q2 Q3 Q4 Year
Budget Direct 6,29,760.6 1,041,201 1,246,555.8 1,506,796.2 4,424,313
Labor Hour
Variable $2.25 $2.25 $2.25 $2.25 $2.25
Manufacturing
Overhead Cost
Per Hour
Total Variable 1,416,961.35 2,342,702.25 2,804,750.55 3,390,291.45 1,80,000
Manufacturing
Overhead
Fixed 45,000 45,000 45,000 45,000 45,000
Manufacturing
Overhead
Total 1,461,961.35 2,387,702.25 2,849,750.55 3,435,291.45 10,134,705.6
Manufacturing
Overhead
Less (17,000) (17,000) (17,000) (17,000) (68,000)
Depreciation
Cash 1,444,961.35 2,370,702.25 2,832,750.56 3,418,291.45 10,066,706
Disbursement
Manufacturing
Overhead
 Halum Toys Company Selling and Administrative Expense
Q1 Q2 Q3 Q4 Year
Budget Unit Sales 25,079 39,705 45,079 59,705 1,69,568
Variable Selling and $3 $3 $3 $3 $3
Administrative
Expense
Total Variable 75,237 1,19,115 1,35,237 1,79,115 5,08,704
Selling and
Administrative
Expense
Fixed Selling and 5,800 5,800 5,800 5,800 23,200
Administrative
Expense
Total Fixed Selling 81,037 1,24,915 1,41,037 1,84,915 5,31,904
and Administrative
Expense
Less Depreciation (2,700) (2,700) (2,700) (2,700) (10,800)
Cash Disbursement 78,337 1,22,215 1,38,337 1,82,215 5,21,104
Selling and
Administrative
Expense
 Halum Toys Company Cash Budget
Q1 Q2 Q3 Q4 Year
Cash Beginning Balance 5,00,000 5,412,477.55 16,668,962.4 30,994,566 5,00,000
Add: Cash Received 7,635,608.5 15,563,655 19,439,145 24,563,655 67,202,062.5
Collection Form Customer
Total Cash Available 8,135,608.5 20,976,132.6 36,108,107.4 55,558,221 67,702,062.5
Less: Cash Disownments
Direct Material 5,70,072 7,73,052 1,045,908 9,69,492 3,358,524
Direct Labor 6,29,760.6 1,041,201 1,246,555.8 1,506,796.2 4,424,314
Manufacturing Overhead 1,444,961.35 2,370,702.25 2,832,750.56 3,418,291.45 10,066,706
Selling and Administrative 78,337 1,22,215 1,38,337 1,82,215 5,21,104
Expense
Total Cash Disbursements 2,723,130.95 4,307,170.25 5,263,551.36 6,076,794.65 18,370,648
Excess( Deficiency) of 5,412,477.65 16,668,962.4 30,844,556 49,481,426.4 49,331,414.5
Cash
Financing
Borrowers 0 0 1,50,000 0 1,50,000
Repayments 0 0 1,50,000 1,50,000
Interest 0 0 35,500 35,500
Total Financing 0 0 (1,85,500) (35,500)
Cash End Balance 5,412,477.55 16,668,962.4 30,994,566 49,295,926.4 49,295,926.4