1st quarter 2nd quarter 3rd quarter 4th quarter

Annual
Recap
Estimated Units 2100 1500 3000 2400 9000
X Per unit Sales Price 175 175 175 175 175
Total Estimated Sales 367500 262500 525000 420000 1575000
1st quarter 2nd quarter 3rd quarter 4th quarter
Annual
Recap
From current quarter sales 245000 175000 350000 280000
From prior quarter sales 100000 122500 87500 175000
Cash collections from sales 345000 297500 437500 455000 1535000
Sales Budget
XYZ MOVIE SCREENS
Expected Cash Collections From Sales
For the Year ending Dec 2013
Notes
2/3 of current quarter sales
(e.g. 262500*2/3=175000)
1/3 of prior quarter sales (e.g.
262500*1/3=87500)
1st quarter 2nd quarter 3rd quarter 4th quarter
Annual
Recap
Estimated units sold 2100 1500 3000 2400 9000
Desired ending finished goods 375 750 600 700 700
Total units needed 2475 2250 3600 3100
Less: beginning finished goods -525 -375 -750 -600 -525
Scheduled production 1950 1875 2850 2500 9175
XYZ MOVIE SCREENS
Production Budget
For the Year ending Dec 2013
Notes
From 'sales' sheet
25% of followwing quarter's sales
(e.g.1500*25% = 375)
prior quarter ending amount
Started FY with 525 in stock and ended
with 700 in stock
1st quarter 2nd quarter 3rd quarter 4th quarter
Scheduled production 1950 1875 2850 2500
X Raw material per unit (sq ft) 35 35 35 35
Total raw material needs(sq ft) 68250 65625 99750 87500
Plus: Target ending raw material 13125 19950 17500 19600
Total units needed (sq ft) 81375 85575 117250 107100
Less: target beg raw material -13650 -13125 -19950 -17500
Raw material purchases (sq ft) 67725 72450 97300 89600
X Estimated cost per sq foot 1.4 1.4 1.4 1.4
Cost of raw material purchases 94815 101430 136220 125440
1st quarter 2nd quarter 3rd quarter 4th quarter
For current quarter purchases 75852 81144 108976 100352
For prior quarter purchases 15000 18963 20286 27244
Cash payments for materials 90852 100107 129262 127596
XYZ MOVIE SCREENS
Direct Materials Budget
For the Year ending Dec 2013
Espected Cash Payments for Material Purchases
Notes
Annual
Recap
9175 From 'production' sheet
35 35 square feet per screen
321125
19600
20% of following quarter's needs
(e.g. 65625 * 20% = 13125)
340725
-13650
327075
n/a
457905
Annual
Recap
80% of current quarter purchases
(e.g. 101430 * 80% = 81144)
20% of prior quarter purchases
(e.g. 101430 * 20% = 20286)
447817
XYZ MOVIE SCREENS
Direct Materials Budget
For the Year ending Dec 2013
Espected Cash Payments for Material Purchases
1st quarter 2nd quarter 3rd quarter 4th quarter
Annual
Recap
Scheduled Production 1950 1875 2850 2500 9175
X Direct labor hours per unit 3 3 3 3 3
Total Direct labor hours 5850 5625 8550 7500 27525
X Cost per direct labor hour 14 14 14 14 14
Cost of direct labor 81900 78750 119700 105000 385350
XYZ MOVIE SCREENS
Direct Labor Budget
For the Year ending Dec 2013
Notes
from 'production' sheet
3 hours per screen
1st quarter 2nd quarter 3rd quarter 4th quarter
Direct labor hours 5850 5625 8550 7500
X variable factory overhead rate 5 5 5 5
Total variable factory overhead 29250 28125 42750 37500
Fixed factory overhead 53050 53050 57050 57050
Total factory overhead 82300 81175 99800 94550
Less; Depreciation -3000 -3000 -7000 -7000
Cash paid for factory overhead 79300 78175 92800 87550
XYZ MOVIE SCREENS
Factory Overhead Budget
For the Year ending Dec 2013
Notes
Annual
Recap
27525 from 'labor' sheet
5
137625
220200
357825
applied factory overhead rate = 13 per
hour (357825/27525)
-20000
337825
XYZ MOVIE SCREENS
Factory Overhead Budget
For the Year ending Dec 2013
Cost Component Units Per Unit Cost
Per Unit
Total
Direct Material in sq ft 35 1.4 49
Direct labor in hours 3 14 42
Applied factor overhead in hrs 3 13 39
130
X Units in ending finished goods
inventory 700
Ending FG inventory value 91000
XYZ MOVIE SCREENS
Ending Finished Goods Inventory Budget
For the Year ending Dec 2013
Notes

from 'production' sheet
XYZ MOVIE SCREENS
Ending Finished Goods Inventory Budget
For the Year ending Dec 2013
1st quarter 2nd quarter 3rd quarter 4th quarter
Annual
Recap
Estimated Units sold 2100 1500 3000 2400 9000
X per unit variable SG&A 10 10 10 10 10
Total variable SG&A 21000 15000 30000 24000 90000
Fixed SG&A
Salaries 12000 12000 12000 12000 48000
Office 4000 4000 4000 4000 16000
Advertising 5000 15000 10000 10000 40000
Others 3000 3000 3000 3000 12000
Total fixed SG&A 24000 34000 29000 29000 116000
Total budgeted SG&A 45000 49000 59000 53000 206000
XYZ MOVIE SCREENS
Selling, General and Administrative Budget
For the Year ending Dec 2013
Notes
from 'sales' sheet
1st quarter 2nd quarter 3rd quarter 4th quarter
Beginning cash balance 50000 82948 64416 4654
Plus: customer receipts 345000 297500 437500 455000
Available Cash 395000 380448 501916 459654
Less: Disbursements
Direct materials 90852 100107 129262 127596
Direct labor 81900 78750 119700 105000
Factory overhead 79300 78175 92800 87550
SG&A 45000 49000 59000 53000
Taxes 15000 10000 20000 15000
Equipment purchase 150000
Total disbursements 312052 466032 420762 388146
Cash surplus 82948 -85584 81154 71508
Financing
Planned Borrowing 150000
Planned Repayment -75000 -50000
Interest on repayment -1500 -2000
Ending Cash balance 82948 64416 4654 19508
XYZ MOVIE SCREENS
Cash Budget
For the Year ending Dec 2013
Notes
Annual
Recap
50000
beginning of year cash assumed
50000
1535000 from 'sales' sheet
1585000
447817 from 'materials' sheet
385350 from 'labor' sheet
337825 from 'factoryoverhead' sheet
206000 from 'sga' sheet
60000 computed by Tax consultant
150000 Planned purchase
1586992
-1992
150000
-125000
-3500
19508
XYZ MOVIE SCREENS
Cash Budget
For the Year ending Dec 2013
1575000
Sales
Cost of Goods Sold
Beginning finished good 68250
Cost of goods manufactured 1192750
Goods available for sale 1261000
Less: Ending FG inventory 91000
Cost of Goods Sold 1170000
Gross Profit 405000
SGA 206000
Income before interest & taxes 199000
Interest 5000
Income before taxes 194000
Income taxes 60000
Net Income 134000
XYZ MOVIE SCREENS
Budgeted Income Statement
For the Year ending Dec 2013
Notes
from 'sales' sheet
from 'balancesheet'
from 'production' (9175 units) X
from 'finishedgood' (130 per unit) 1192750
fron 'finishedgoods' sheet
from 'SGA' sheet
from 'cash' sheet plus accrued
interest(1500) from balance sheet
from 'cash' sheet
ASSETS
Current Assets
Cash 19508 50000
Accounts receivables 140000 100000
Raw materials inventory 27440 19110
Finished goods inventory 91000 277948 68250
Property, Plant & Equipment
Plant & Equipment 275000 125000
Less: Accumulated Depreciation -80000 195000 -60000
Total Assets 472948
Liabilities
Current Liabilities
Accounts payable 25088 15000
Interest payable 1500
Notes payable 25000 51588
Stockholders equity
Common Stock 200000 200000
Retained earnings 221360 421360 87360
Total Liabilities & Equity 472948
XYZ MOVIE SCREENS
Budgeted Balance Sheet
For the Year ending Dec 2013
2013 2012
Notes
from 'cash' sheet
from 'sales' sheet (420000-280000)
from 'material' sheet(19600*1.4 per sq ft)
237360
Increase from 'cash' sheet
65000 Increase from 'factoryoverhead sheet
302360
from 'materials' sheet (125440-100352 =
25088)
unpaid accrued interest
15000 increase from 'cash' sheet
287360
beginning balance plus income from
'incomestmt' sheet (87360+134000)
302360
2012