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    Budgeting

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    Love Islam
    This document contains budgets and schedules for cash receipts, sales, production, direct materials, direct labor, manufacturing overhead, and cash for a company. It includes schedules for expected cash collection by quarter based on percentages of monthly sales. It also includes budgets for sales revenue by product, production needs by subtracting beginning from total sales and adding expected ending inventory, direct materials purchases by quarter, and direct labor hours and costs by quarter.

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    Budgeting

    Uploaded by

    Love Islam
    13 views7 pages
    This document contains budgets and schedules for cash receipts, sales, production, direct materials, direct labor, manufacturing overhead, and cash for a company. It includes schedules for expected cash collection by quarter based on percentages of monthly sales. It also includes budgets for sales revenue by product, production needs by subtracting beginning from total sales and adding expected ending inventory, direct materials purchases by quarter, and direct labor hours and costs by quarter.

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    This document contains budgets and schedules for cash receipts, sales, production, direct materials, direct labor, manufacturing overhead, and cash for a company. It includes schedules for expected cash collection by quarter based on percentages of monthly sales. It also includes budgets for sales revenue by product, production needs by subtracting beginning from total sales and adding expected ending inventory, direct materials purchases by quarter, and direct labor hours and costs by quarter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views7 pages

    Budgeting

    Uploaded by

    Love Islam
    This document contains budgets and schedules for cash receipts, sales, production, direct materials, direct labor, manufacturing overhead, and cash for a company. It includes schedules for expected cash collection by quarter based on percentages of monthly sales. It also includes budgets for sales revenue by product, production needs by subtracting beginning from total sales and adding expected ending inventory, direct materials purchases by quarter, and direct labor hours and costs by quarter.

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    of 7

    Budgeting

    SCHEDULE OF CASH RECEIPT


    Cash sales of June 30,000

    Cash sales of June 45,000

    Credit sales of May 33,000

    108,000

    Cash paid for June purchases 19,000

    Credit purchases for May 12,000

    77,000

    SCHEDULE OF EXPECTED CASH COLLECTION (FOR 3RD QUARTER)


    10% = 2ND FOLLOWING MONTH
    70% = 1ST FOLLOWING MONTH
    20% = MONTH OF SALES
    July Aug Sep Total
    May sales (10%) * ****
    June sales (70% & 10%) * * ****
    July sales (20% & 70% & 10%) * * * ****
    Aug sales (20% & 70%) * * ****
    Sep sales (20%) * ****
    Total cash collection **** **** **** ****

    SALES BUDGET / REVENUE BUDGET


    Product 1 Product 2 Total
    Units Sold 5 6 11
    Price Per Unit 3 4
    Total Sales Revenue 15 24 39
    PRODUCTION BUDGET
    Product 1 Product 2
    Total sales (units) 5 6
    Less) beg inventory (2) (1)
    Add) end inventory 3 2
    Budgeted Production 6 7

    DIRECT MATERIAL BUDGET/ MERCHANDISE PURCHASES BUDGET/ D IRECT MATERIAL PURCHASES BUDGET

    Q1 Q2 Q3 Q4 YEAR
    Budgeted Production **** **** **** **** ****

    (Use CGS if production budget


    is not available)
    Add) ending inventory **** **** **** **** ****
    Total Needs **** **** **** **** ****
    Less) beginning inventory **** **** **** **** ****
    Required Production (in QTY) **** **** **** **** ****
    Cost of Production (units * per **** **** **** **** ****
    unit price) (in DOLLARS)

    SCHEDULE OF EXPECTED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES

    &

    SCHEDULE OF EXPECTED CASH DISBURSEMENTS FOR SELLING AND ADMINISTRATIVE EXPENSES


    April May June Total
    For March Purchases **** ****
    For April Purchases **** **** ****
    For May Purchases **** **** ****
    For June Purchases **** ****

    Total cash disbursement for Purchases **** **** **** ****

    DIRECT LABOR BUDGET/ DIRECT MANUFACTURING LABOR BUDGET


    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
    Units to be produced **** **** **** **** ****
    ×DL Hours per unit **** **** **** **** ****
    Total DL Hours **** **** **** **** ****
    ×DL cost per Hour **** **** **** **** ****
    Total DL cost **** **** **** **** ****

    MANUFACTURING OVERHEAD BUDGET

    CASH BUDGET
    Question

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