Table 1- Sales budget

For the year ended December 31, 20x9

Quarter
Year
I II III IV
Budgeted sales in units 20 40 60 80 200
Unit sales price ($) 100 100 100 100 100
Total budget sales ($) 2,000 4,000 6,000 8,000 20,000
Expected Cash Collections
Accounts receivable 12/31/09
2,800 2,800
($)
Cash collections from 1st
1,200 800 2,000
quarter Sales ($)
Cash collections from 2nd
2,400 1,600 4,000
quarter Sales ($)
Cash collections from 3rd
3,600 2,400 6,000
quarter Sales ($)
Cash collections from 4th
4,800 4,800
quarter Sales ($)

Total cash collections ($) 4,000 3,200 5,200 7,200 19,600

Table 2- Production budget

For the year of 20x9
Quarter
Year
I II III IV
Budgeted sales in units 20 40 60 80 200
Add Desired units in ending
12 18 24 9 9
inventory
Total needs 32 58 84 89 209
Less Estimated units in
6 12 18 24 6
Beginning inventory

Total units to be produced 26 46 66 65 203

 Units purchases Budget
For the year of 20x9
Quarter
Year
I II III IV
Budgeted sales in units
Desired units in ending
inventory
Total needs
Expected units in beginning
inventory

Total units to be purchased

Price per unit

Total purchases
Expected cash dispursements
Accounts payable
31/12/2009
Cash dispursements from
1st quarter purchases
Cash dispursements from
2nd quarter purchases
Cash dispursements from
3rd quarter purchases
Cash dispursements from
4th quarter purchases

Total cash dispursements

 Table 3-Direct Materials budget
For the year of 20x9
Quarter
Year
I II III IV
Total units to be produced 26 46 66 65 203
Standard quantity per unit 2 2 2 2 2
Total materials needed for
52 92 132 130 406
production (kgs)
Desired ending materials
18 26 26 12 12
inventory (kgs)
Total materials needed (kgs) 70 118 158 142 418
Estimated beginning
10 18 26 26 10
materials inventory (kgs)
Materials to be purchased
60 100 132 116 408
(kgs)
Standard price per unit
10 10 10 10 10
(kgs)
Total direct materials
600 1,000 1,316 1,160 4,076
purchases ($)
Budgeted direct materials
520 920 1,320 1,300 4,060
costs ($)
Expected cash dispursements
Accounts payable ($) 500 500
Cash dispursements for 1st
300 300 600
materials purchases ($)
Cash dispursements for 2nd
500 500 1,000
materials purchases ($)
Cash dispursements for 3rd
658 658 1,316
materials purchases ($)
Cash dispursements for 4th
580 580
materials purchases ($)

Total cash dispursements 800 800 1,158 1,238 3,996

 Table 4- Direct labor budget
For the year of 20x9
Quarter
Year
I II III IV
Total units to be produced 26 46 66 65 203
Standard labor hours per
4 4 4 4 4
unit
Total hours required for
104 184 264 260 812
production
Standard rate per D.L hour
2.50 2.50 2.50 2.50 2.50
($)
Budgeted direct labor costs
260 460 660 650 2,030
($)

Table 5-Budgeted manufacturing overhead costs

For the year of 20x9
Quarter
Year
I II III IV
Total hours required for
104 184 264 260 812
production
Standard variable mfg. OH
2.50 2.50 2.50 2.50 2.50
rate (S)
Budgeted variable mfg.OH
260 460 660 650 2,030
costs

Budgeted fixed mfg.OH costs 1,218 1,218 1,218 1,218 4,872

Budgeted mfg.OH costs 1,478 1,678 1,878 1,868 6,902

Less Depreciation of plant
700 700 700 700 2,800
assets
Cash dispursements for
778 978 1,178 1,168 4,102
mfg.OH
 Table 6-Ending finished goods inventory budget
For the year of 20x9
Item Quantity Price Cost
Production cost per unit
Direct materials ($/unit) 2 kgs/unit $10/kg $20 /unit
Direct labour ($/unit) 4 hrs/unit $2.5/hr $10/unit
Manufacturing overhead 4 hrs/unit $8.5/hr $34/unit
Unit product cost $64/unit
Budgeted ending finished goods inventory
Ending inventory in units 9
Unit product cost ($) 64
Budgeted ending finished
576
goods inventory
Table 7 - Selling and administrative expenses budget
For the year of 20x9
Quarter
Year
I II III IV
Budgeted sales in units 20 40 60 80 200
Standard variable S&A
4.0 4.0 4.0 4.0 4.0
expense ($/unit)
Budgeted variable selling &
80 160 240 320 800
administrative expense ($)
Budgeted fixed selling &
administrative expense ($)
+ Advertisement 40 60 80 100 280
+ Labour 170 170 170 170 680
+ Insurance - - 60 80 140
+ Warehouse rent 90 90 90 90 360
+ Depreciation 40 40 40 40 160
Budgeted S & A Expense
420 520 680 800 2,420
($)
Cash dispursements for
380 480 640 760 2,260
S&A expenses
 Table 8: Cash budget

For the year of 20x9

Quarter
Data
obtained
I II III IV Year
from table

I. Beginning cash balance

II. Cash collections
+ Collections from sales 1
Total cash available
III. Cash disbursements
+ Materials 3
+ Direct labor 4
+ Manufacturing overhead 5
+ S &A exp 7
+ Income tax
+ Equipment purchases
+ Dividend
Total dispursements
IV. Excess (deficiency)
V. Financing
+ Borrowing
+ Repayments
+ Interest
Total ending borrowing
balance
VI. Ending cash balance
 Table 9-Budgeted income statement

For the year of 20x9

Data
obtained
from table

- Sales 1 20,000
- COGS (………... units x
6 12,800
$......../unit)
- Gross margin 7,200
- Finance revenues 0
- Finance expenses 8 0.000
- Selling and administrative
7 2,420
exp
- Net operating income #########

- Income tax -
- After tax Net operating
#########
income
 Table 10-Budgeted balance sheet
For the year ended December 31,
20x8
Assets
A. Short-term assets
Cash (1) 600
Accounts receivable (2) 2,800
Raw materials inventory (3) 104

Finished goods inventory (4) 384

B. Long-term assets
Tangible assets (5) 56,400
Accumulated Depreciation
(7,400)
(6)
Total assets 52,888
Liabilities and Equities
A. Liabilities
Accounts payable (8) 500
B. Equity
Common stock (10) 50,000
Retained earnings (11) 2,388
Total Liabilities and
52,888
Equities
 Table 10-Budgeted balance sheet
For the year ended December 31, 20x9

Assets Beginning Ending

A. Short-term assets
Cash (1) 600 0
Accounts receivable (2) 2,800 3,200
Raw materials inventory (3) 104 120

Finished goods inventory (4) 384 576

B. Long-term assets
Tangible assets (5) 56,400 56,400
Accumulated Depreciation
(7,400) (10,360)
(6)
Total assets 52,888 49,936

Liabilities and Equities

A. Liabilities
Accounts payable (8) 500 580
Borrowing (9) - 0.000
B. Equity
Common stock (10) 50,000 50,000
Retained earnings (11) 2,388 7,168

Total Liabilities and

52,888 57,748
Equities