Advance Management Accounting: Individual Assignment

ADVANCE MANAGEMENT ACCOUNTING

INDIVIDUAL ASSIGNMENT:
PR Pertemuan 9

PREPARED BY:
ADITYA ANANDA (2006619463)
Copyright Aditya. pg. 1

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Student Name and NIP : Aditya Ananda (2006619463)

Class : F202
Assignment : PR Pertemuan 9
Date : 8 May 2021

Lecturer : Dr. Dyah Setyaningrum S.E., M.S.M., CPMA., CA.

Problem 8.36
Projected Sales in Units for the coming five months:
Projected
Month Sales
January 10,000
February 10,500
March 13,000
April 16,000
May 18,500

Finished Good January 1 = 900 units
Desired Ending = 20% of next month’s sales
Direct Per Unit Unit

Material Usage Cost
Part#K298 2 4
Part#C30 3 7

Direct Labor used per unit = 1 hour and 1.5 hour.
Average DL Cost Per hour = USD20,-
Overhead each month estimated using a flexible budget formula
Fixed Cost Variable Cost

Component Component
Supplies -‐ 1.00
Power -‐ 0.20
Maintenance 12,500.00 1.10
Supervision 14,000.00 -‐
Depreciation 45,000.00 -‐
Taxes 4,300.00 -‐
Other 86,000.00 1.60

Monthly selling and administrative expenses also estimated using a flexible budgeting formula
Fixed Cost Variable Cost

Salaries 88,500.00 -‐
Commisions -‐ 1.40
Depreciation 25,000.00 -‐
Shipping -‐ 3.60
Other 137,000.00 1.60

Unit Selling Price = USD110,-
Sales and Purchase in cash.
Cash Beginning Balance = USD62.900,-
Ending Cash Balance = USD25.000,-

Cash shortage fill by borrowing in USD1.000,- increments and repaid the following month as
interest due. Interest rate is 12% per annum.
Jawab:
a. Sales Budget
Projected Projected
Month Sales Unit Price Sales
(unit) (amount)
January 10,000 110 1,100,000
February 10,500 110 1,155,000
March 13,000 110 1,430,000
April 16,000 110 1,760,000
May 18,500 110 2,035,000

b. Production Budget
Projected Desired
Begining Production
Month Sales Ending
Balance Budget
(unit) Inventory
January 10,000 2,100 -‐900 11,200
February 10,500 2,600 -‐2,100 11,000
March 13,000 3,200 -‐2,600 13,600
April 16,000 3,700 -‐3,200 16,500

c. Direct Material Purchase Budget
Month
January February March

Production Budget 11,200 11,000 13,600
DM Used
Part#K298 22,400 22,000 27,200
Part#C30 33,600 33,000 40,800

Desired Ending
Balance
Part#K298 6,600 8,160 9,900
Part#C30 9,900 12,240 14,850
Beginning Balance
Part#K298 -‐6,720 -‐6,600 -‐8,160
Part#C30 -‐10,080 -‐9,900 -‐12,240
DM to Purchase
Part#K298 22,280 23,560 28,940
Part#C30 33,420 35,340 43,410
Purchase Cost
Part#K298 89,120 94,240 115,760
Part#C30 233,940 247,380 303,870
Total 323,060 341,620 419,630

d. Direcct Labor Budget

Month
January February March April

Production
Budget 11,200.00 11,000.00 13,600.00 16,500.00
Unit hours 1.50 1.50 1.50 1.50
Total Hours
Required 16,800.00 16,500.00 20,400.00 24,750.00
DL Rate 20.00 20.00 20.00 20.00
DL Cost 336,000.00 330,000.00 408,000.00 495,000.00

e. Overhead Budget
Month
January February March April
DL Hours 16,800 16,500 20,400 24,750
Supplies 16,800 16,500 20,400 24,750
Power 3,360 3,300 4,080 4,950
Maintenance 30,980 30,650 34,940 39,725
Supervision 14,000 14,000 14,000 14,000

Depreciation 45,000 45,000 45,000 45,000
Taxes 4,300 4,300 4,300 4,300
Other 112,880 112,400 118,640 125,600
Total Cost 227,320 226,150 241,360 258,325

f. Selling and Administrative Expense Budget
Month
January February March April May
Unit Sold 10,000 10,500 13,000 16,000 18,500
Salaries 88,500 88,500 88,500 88,500 88,500
Commissions 14,000 14,700 18,200 22,400 25,900
Depreciation 25,000 25,000 25,000 25,000 25,000
Shipping 36,000 37,800 46,800 57,600 66,600
Other 153,000 153,800 157,800 162,600 166,600
Total Cost 316,500 319,800 336,300 356,100 372,600

g. Ending finish Good Inventory Budget
Month
Direct Material
Part#K298 8.00 8.00 8.00
Part#C30 21.00 21.00 21.00
DM Used 29.00 29.00 29.00
DL Cost 30.00 30.00 30.00
Overhead cost 19.41 19.41 19.41
Total Cost 78.41 78.41 78.41
FG Unit 2,100.00 2,600.00 3,200.00
FG Cost 164,661.00 203,866.00 250,912.00

h. COGS Budget
Month
DM Used
Part#K298 89,600 88,000 108,800
Part#C30 235,200 231,000 285,600
DL Used 336,000 330,000 408,000
Overhad 227,320 226,150 241,360

Manufacturing
Cost 888,120 875,150 1,043,760
Beginning FG 70,569 164,661 203,866
Ending FG -‐164,661 -‐203,866 -‐250,912
COGS Budget 794,028 835,945 996,714

i. Budgeted Income Statement
Month
Sales 1,100,000 1,155,000 1,430,000
COGS 794,028 835,945 996,714
Gross Profit 305,972 319,055 433,286
Operating Expense 316,500 319,800 336,300
Income Before Taxes -‐10,528 -‐745 96,986

j. Cash Budget
Month
Beginning Balance 62,900 30,020 25,450
Cash Receipt 1,100,000 1,155,000 1,430,000
Cash Available 1,162,900 1,185,020 1,455,450
Disbursement
Purchase 323,060 341,620 419,630
DL Payroll 336,000 330,000 408,000
Overhead 182,320 181,150 196,360
Marketing and Admin 291,500 294,800 311,300
Land -‐ 68,000 -‐
Total Disbursement 1,132,880 1,215,570 1,335,290
Ending Balance 30,020 -‐30,550 120,160
Financing
Borrow/Repaid -‐ 56,000 -‐56,000
Interest Paid -‐ -‐ -‐560
Ending Cash Balance 30,020 25,450 63,600


Problem 8.37
1. Balance Sheet
Account Assets Liabilities Owner Equity

Cash 19,200
Account Receivable 113,400
Inventory 24,300
Plant and Equipment 431,750
Account Payable -‐99,900
Common Stock -‐220,000
Retained Earnings -‐268,750
Total 588,650 -‐99,900 -‐488,750

2. Cash Budget
Sales Collection
Budget
July August September October November
Sales 100,000 120,000 90,000 100,000 135,000
Cash Sales 20,000 24,000 18,000 20,000 27,000
Credit Sales 80,000 96,000 72,000 80,000 108,000
Collection from
Debtors
20% in the
month of sale 16,000 19,200 14,400 16,000 21,600
50% in the next
month 40,000 48,000 36,000 40,000
30% in the
second month
following 24,000 28,800 21,600
Cash from Sales 36,000 83,200 104,400 100,800 110,200

Cash Payment
Budget
July August September October November
Sales 100,000 120,000 90,000 100,000 135,000
COGS 75,000 90,000 67,500 75,000 101,250
Closing Stock 36,000 27,000 30,000 40,500 -‐
Opening Stock 36,000 27,000 30,000 40,500
Purchase 81,000 70,500 85,500 105,750

Payment for
Purchase 81,000 70,500 85,500

Cash Budget
September October November
Opening Balance 10,200 10,900 17,463
Cash Collection 104,400 100,800 110,200
Payment for
Purchase 81,000 70,500 85,500
Salaries and
Wages 10,000 10,000 10,000
Utilities 1,000 1,000 1,000
Other 1,700 1,700 1,700
Property Taxes 15,000
Advertising 6,000
Lease Payment 5,000
Total Payment 108,700 89,200 103,200
Balance in Hand 5,900 22,500 24,463
Interest Payment
and Principal
Payment 5,038
Minimum
Balance 10,000
Borrowing -‐5,000
Closing Balance 10,900 17,463

3. Proforma Balance Sheet
Proforma Income Statement

Sales 325,000
COGS -‐243,750
Gross Profit 81,250
Opex
Salaries and Wages 30,000
Utilities 3,000
Other 5,100
Property Taxes 15,000
Advertising 6,000
Lease Payment 5,000
Depreciation 12,000
Interest Payment 38

Net Profit 5,113
Proforma Balance Sheet
FSLI Assets Liabilities Equity

Cash 24,463
Account Receivable 78,000
Inventory 45,000
Short Term Marketable
Securities 32,400
Plant and Equipment 419,750
Account Payable -‐105,750
Common Stock -‐220,000
Retained Earnings -‐273,863
599,613 -‐105,750 -‐493,863


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ADVANCE MANAGEMENT ACCOUNTING

Copyright Aditya. pg. 1

Student Name and NIP : Aditya Ananda (2006619463)

Assignment : PR Pertemuan 9

Date : 8 May 2021

Copyright Aditya. pg. 2

Projected Sales in Units for the coming five months:

Finished Good January 1 = 900 units

Desired Ending = 20% of next month’s sales

Direct Per Unit Unit

Average DL Cost Per hour = USD20,-­

Overhead each month estimated using a flexible budget formula

Fixed Cost Variable Cost

Fixed Cost Variable Cost

Copyright Aditya. pg. 3

Sales and Purchase in cash.

Cash Beginning Balance = USD62.900,-­

Ending Cash Balance = USD25.000,-­

c. Direct Material Purchase Budget

January February March

Copyright Aditya. pg. 4

d. Direcct Labor Budget

January February March April

DL Cost 336,000.00 330,000.00 408,000.00 495,000.00

Copyright Aditya. pg. 5

f. Selling and Administrative Expense Budget

Copyright Aditya. pg. 6

i. Budgeted Income Statement

Copyright Aditya. pg. 7

Account Assets Liabilities Owner Equity

Copyright Aditya. pg. 8

3. Proforma Balance Sheet

Proforma Income Statement

Copyright Aditya. pg. 9

Proforma Balance Sheet

FSLI Assets Liabilities Equity

Copyright Aditya. pg. 10

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Average DL Cost Per hour = USD20,-

Cash Beginning Balance = USD62.900,-

Ending Cash Balance = USD25.000,-