Orale, Vaness Carl Kevin F.

Problem 5
Collections
July August September 3rd Qrt
Previous receivables 136,000.00 136,000.00
July Sales (210,000)
35% 73,500.00 73,500.00
65% 136,500.00 136,500.00
August Sales (230,000)
35% 80,500.00 80,500.00
65% 149,500.00 149,500.00
September Sales (220,000)
35% 77,000.00 77,000.00
Total Cash Collection 209,500.00 217,000.00 226,500.00 653,000.00

Purchases
July August September 3rd Quarter
Budgeted COGS 126,000.00 138,000.00 132,000.00 396,000.00
Desired Ed Inv 41,400.00 39,600.00 43,200.00 43,200.00
Total Required 167,400.00 177,600.00 175,200.00 439,200.00
Less: Beg Merch Inv 62,000.00 41,400.00 39,600.00 62,000.00
Expected Purchases 105,400.00 136,200.00 135,600.00 377,200.00

Schedule of Cash Disbursement

July August September 3rd Quarter
From Receivables 71,100.00 71,100.00
July Purchases 42,160.00 63,240.00 105,400.00
August Purchases 54,480.00 81,720.00 136,200.00
September Purchases 54,240.00 54,240.00
Total Disbursement 113,260.00 117,720.00 135,960.00 366,940.00
 Budgeted Income Statement
Beech Corporation
Budgeted Income Statement
For the Quarter Ending September 30

Sales (210,000 + 230,000 + 220,000) $660,000.00

Cost of Goods Sold 396,000.00
Gross Margin 264,000.00
S&A Expense (60,000*3) 180,000.00
Net Operating Income 84,000.00

Problem 7

Direct Labor Budget

First Second Third Fourth
Units 10,000 8,000 8,500 9,000
DLH per unit 0.6 0.6 0.6 0.6
DL hours needed 6,000 4,800 5,100 5,400
DLH cost $15.00 $15.00 $15.00 $15.00
Total DL cost $90,000 $72,000 $76,500 $81,000
Problem 8 Manufacturing Overhead Budget
Manufacturing Overhead Budget
First Second Third Fourth Year
Budgeted DL hours 5,000 6,500 6,000 5,500 23,000
Variable OH rate $2.00 $2.00 $2.00 $2.00 $2.00
Variable OH $10,000.00 $13,000.00 $12,000.00 $11,000.00 $46,000.00
Add: Fixed OH 40,250 40,250 40,250 40,250 161,000
Total OH $50,250 $53,250 $52,250 $51,250 $207,000
Less: Depreciation 12000 12000 12000 12000 48000
Cash Disbursements $38,250 $41,250 $40,250 $39,250 $159,000

Overhead Rate
Overhead DL Hours OH Rate
Variable OH $46,000 23,000 2
Fixed OH 161,000 23,000 7
Total 207,000 23,000 9