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BUDGETING AND BUDGETARY CONTROL

 Sales Budget Format
Sales January February March Total
Units x x x x
Value ($) x x x x
 Production Budget Format
Units
Sales x
Add Closing Inventory of Finished Goods x
x
Less Opening Inventory of Finished Goods x
Production x
 Raw Materials Usage Budget Format
Raw Materials Usage = Production quantity x Amount of raw materials needed per unit.
 Raw Materials Purchase Budget Format
Units
Raw Material Usage x
Add Closing Inventory of Finished Goods x
x
Less Opening Inventory of Finished Goods x
Raw Materials Purchase x
 Labour Budget Format
January February March Total
Number of hours (a) x x x x
Labour Rate per hour (b) x x x x
Labour cost ($) (a) x (b) x x x x
 Overhead Budget Format
Jan ($) Feb ($) Mar ($) Total $)
Variable Overheads x x x x
Fixed Overheads x x x x
Total Overheads x x x x
 Cash Budget Format
Receipts Jan $ Feb $ Mar $
Cash Sales x x x
Credit Sales x x x
Share Capital x x x
Share Premium x x x
x x x
Payments
Credit Purchase / Purchase of Raw Materials x x x
Wages x x x
Other Expenses x x x
Non-current Assets x x x
Dividend / Interest on Debentures x x x
x x x
Net Receipts/ (Payments) x x x
Balance b/f x x x
Balance c/f x x x
 Master Budget Format
This is a Budgeted of Profit or Loss Statement and Statement of Financial Position.