SALES BUDGET

First Quarter Sales Unit 1,600

Quarterly Unit Increment 400
Selling Price 350.00

Q1 Q2 Q3 Q4 Year
Expected Sales (in units) 1,600 2,000 2,400 2,800 8,800
Selling price (RM) 350.00 350.00 350.00 350.00 350.00
Total sales (RM) 560,000.00 700,000.00 840,000.00 980,000.00 3,080,000.00

E-Budget v2.0 by NRK

 PRODUCTION BUDGET
Percent of Closing Stock 15.00%

Q1 Q2 Q3 Q4
Expected Sales (in units) 1,600 2,000 2,400 2,800
Add: Desired ending Finished goods (units) 300 360 420 480
Total required units 1,900 2,360 2,820 3,280
Less: Beginning Finished goods (units 0 300 360 420
Required Production Units 1,900 2,060 2,460 2,860
Year
8,800

9,280
 DIRECT MATERIAL BUDGET
Percent of Closing Stock 10.00%

DM1

Direct Material Per Unit 1.000

Cost Per Unit 30.00

Q1 Q2 Q3 Q4
Units to be produced (from production
budget) 1,900 2,060 2,460 2,860
Direct material per unit 1.000 1.000 1.000 1.000
Total DM required for production (units) 1,900 2,060 2,460 2,860
Add: Ending DM (units) 206 246 286 326
Total DM required (units) 2,106 2,306 2,746 3,186
Less: Beginning DM (units) 0 206 246 286
Direct Material to be purchased (units) 2,106 2,100 2,500 2,900
Cost per unit 30.00 30.00 30.00 30.00
Total Cost of DM purchased (RM) 63,180.00 63,000.00 75,000.00 87,000.00

DM2

Direct Material Per Unit 1.000

Cost Per Unit 50.00

Q1 Q2 Q3 Q4
Units to be produced (from production
budget) 1,900 2,060 2,460 2,860
Direct material per unit 1.000 1.000 1.000 1.000
Total DM required for production (units) 1,900 2,060 2,460 2,860
Add: Ending DM (units) 206 246 286 326
Total DM required (units) 2,106 2,306 2,746 3,186
Less: Beginning DM (units) 0 206 246 286
Direct Material to be purchased (units) 2,106 2,100 2,500 2,900
Cost per unit 50.00 50.00 50.00 50.00
Total Cost of DM purchased (RM) 105,300.00 105,000.00 125,000.00 145,000.00
Year

9,280

9,280

9,606

288,180.00

Year

9,280

9,280
 9,606

480,300.00
 DIRECT LABOUR BUDGET

DL1

DirectLabour Time Per Unit 0.250

Direct Labour Cost Per Hour 10.00

Q1 Q2 Q3 Q4
Units to be produced (from production
budget) 1,900 2,060 2,460 2,860
Direct labour time per unit 0.250 0.250 0.250 0.250
Total required direct labour hours 475.000 515.000 615.000 715.000
Direct labour cost per hour 10.00 10.00 10.00 10.00
Total direct labour cost (RM) 4,750.00 5,150.00 6,150.00 7,150.00

DL2

DirectLabour Time Per Unit 0.500

Direct Labour Cost Per Hour 15.00

Q1 Q2 Q3 Q4
Units to be produced (from production
budget) 1,900 2,060 2,460 2,860
Direct labour time per unit 0.500 0.500 0.500 0.500
Total required direct labour hours 950.000 1,030.000 1,230.000 1,430.000
Direct labour cost per hour 15.00 15.00 15.00 15.00
Total direct labour cost (RM) 14,250.00 15,450.00 18,450.00 21,450.00
Year

9,280

2,320.000

23,200.00

Year

9,280

4,640.000

69,600.00
 FACTORY OVERHEAD BUDGET

Unit Per Month 300

Depreciation Per Month 31.52

Q1 Q2 Q3 Q4
Variable Cost:
VC 1 5,428.55 5,885.69 7,028.55 8,171.40
VC 2 814.28 882.85 1,054.27 1,225.70
VC 3 449.98 487.88 582.61 677.34
VC 4 0.00 0.00 0.00 0.00
VC 5 0.00 0.00 0.00 0.00
VC 6 0.00 0.00 0.00 0.00
Total Variable Cost (RM) 6,692.81 7,256.42 8,665.43 10,074.45
Fixed Cost:
FC 1 57,900.00 57,900.00 57,900.00 57,900.00
FC 2 1,278.00 1,278.00 1,278.00 1,278.00
FC 3 7,714.29 7,714.29 7,714.29 7,714.29
FC 4 426.33 426.33 426.33 426.33
FC 5 0.00 0.00 0.00 0.00
Depreciation 94.56 94.56 94.56 94.56
Total Fixed Cost (RM) 67,413.18 67,413.18 67,413.18 67,413.18
Total Factory Overhead (RM) 74,105.99 74,669.60 76,078.61 77,487.63
Total Direct Labour Hours 1,425.000 1,545.000 1,845.000 2,145.000
Factory overhead rate per direct labor hours
(OAR)
Year Cost Per Month

26,514.20 857.14
3,977.10 128.57
2,197.81 71.05
0.00 0.00
0.00 0.00
0.00 0.00
32,689.11 1,056.76

231,600.00 19,300.00
5,112.00 426.00
30,857.16 2,571.43
1,705.32 142.11
0.00 0.00
378.24
269,652.72 22,439.54
302,341.83
6,960.000

43.440
 CLOSING STOCK BUDGET

Units Unit Cost (RM) Total Value (RM)

Direct materials:
§  DM1 326 30.00 9,780.00
§  DM2 326 50.00 16,300.00
Total DM Stock 26,080.00
Finished Goods:
§  Product X 480 122.58 58,838.37
Total Closing Stock 84,918.37

Unit Cost (RM) Unit Value (RM)

DM1 30.00 1.000 30.00
DM2 50.00 1.000 50.00
DL1 10.00 0.250 2.50
DL2 15.00 0.500 7.50
Factory Overhead 43.440 0.750 32.58
Unit Cost 122.58
 COST OF GOODS SOLD BUDGET

Direct Material 1 Used 278,400.00

Direct Material 2 Used 464,000.00
Direct Labour 92,800.00
Factory Overhead 302,341.83
       Total Production Cost 1,137,541.83
Add: Beginning FG 0.00
Less: Ending FG 58,838.37 -58,838.37
       Cost of Goods Sold 1,078,703.46
 SELLING & ADMINISTRATIVE BUDGET

Unit Per Month 300

Depreciation Per Month (Selling) 0.00
Depreciation Per Month (Admin) 24.48

Q1 Q2 Q3 Q4
Selling Expenses:
Variable Cost
VC1 0.00 0.00 0.00 0.00
VC2 0.00 0.00 0.00 0.00
VC3 0.00 0.00 0.00 0.00
VC4 0.00 0.00 0.00 0.00
VC5 0.00 0.00 0.00 0.00
VC6 0.00 0.00 0.00 0.00
Fixed Cost
FC1 6,000.00 6,000.00 6,000.00 6,000.00
FC2 9,000.00 9,000.00 9,000.00 9,000.00
FC3 16,500.00 16,500.00 16,500.00 16,500.00
FC4 0.00 0.00 0.00 0.00
FC5 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00
Total Selling Expenses 31,500.00 31,500.00 31,500.00 31,500.00
Administrative Expenses:
Variable Cost
VC1 904.78 980.97 1,171.45 1,361.93
VC2 135.72 147.15 175.73 204.30
VC3 183.35 198.79 237.39 275.99
VC4 0.00 0.00 0.00 0.00
 VC5 0.00 0.00 0.00 0.00
VC6 0.00 0.00 0.00 0.00
Fixed Cost
FC1 17,400.00 17,400.00 17,400.00 17,400.00
FC2 173.67 173.67 173.67 173.67
FC3 0.00 0.00 0.00 0.00
FC4 0.00 0.00 0.00 0.00
FC5 0.00 0.00 0.00 0.00
Depreciation 73.44 73.44 73.44 73.44
Total Administration 18,870.96 18,974.02 19,231.68 19,489.33
Total Selling & Administrative
expenses 50,370.96 50,474.02 50,731.68 50,989.33
Year Cost Per Month

0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00

24,000.00 2,000.00
36,000.00 3,000.00
66,000.00 5,500.00
0.00 0.00
0.00 0.00
0.00
126,000.00

4,419.14 142.86
662.90 21.43
895.52 28.95
0.00 0.00
 0.00 0.00
0.00 0.00

69,600.00 5,800.00
694.68 57.89
0.00 0.00
0.00 0.00
0.00 0.00
293.76
76,566.00

202,566.00
 BUDGETED PROFIT & LOSS

Corporate Tax

Q1 Q2 Q3 Q4
Tax(es) 7.50% 7.50% 7.50% 7.50%

Sales 3,080,000.00
Less: Cost of Goods Sold 1,078,703.46
Budgeted Gross Profit 2,001,296.54
Less: Selling & Admin. Expenses 202,566.00
Budgeted Net Profit 1,798,730.54
Provision for tax (….%) 539,619.16
Retained Profit 1,259,111.38
Year
30.00%
 CASH BUDGET

Expected Cash Collection

% of Cash Collected in Quarter Sold 50.00%

% of Cash Collected in following Quarter 50.00%

Q1 Q2 Q3
Q1 Sales 560,000.00 280,000.00 280,000.00
Q2 Sales 700,000.00 350,000.00 350,000.00
Q3 Sales 840,000.00 420,000.00
Q4 Sales 980,000.00
Total Cash Collection 280,000.00 630,000.00 770,000.00

Expected Payment of Direct Material

% of Paid in Quarter Purchased 70.00%

% of Paid in following Quarter 30.00%

Q1 Q2 Q3
Q1 DM1 Purchase 63,180.00 44,226.00 18,954.00
Q1 DM2 Purchase 105,300.00 73,710.00 31,590.00
Q2 DM1 Purchase 63,000.00 44,100.00 18,900.00
Q2 DM2 Purchase 105,000.00 73,500.00 31,500.00
Q3 DM1 Purchase 75,000.00 52,500.00
Q3 DM2 Purchase 125,000.00 87,500.00
Q4 DM1 Purchase 87,000.00
Q4 DM2 Purchase 145,000.00
Total Cash Payments 117,936.00 168,144.00 190,400.00
 Cash Budget

Number of Group Member 5

Common Share from Each Group Member 10,000.00
Opening Cash Balance 150,000.00

Q1 Q2 Q3 Q4
Receipts:
Collection from customer 280,000.00 630,000.00 770,000.00 910,000.00
Common Share 50,000.00 0.00 0.00 0.00
Total Receipts 330,000.00 630,000.00 770,000.00 910,000.00
Payments:
Direct Material 117,936.00 168,144.00 190,400.00 222,400.00
Direct Labour 19,000.00 20,600.00 24,600.00 28,600.00
Factory Overhead 74,011.43 74,575.04 75,984.05 77,393.07
Selling & Administrative 50,297.52 50,400.58 50,658.24 50,915.89
Income Tax 134,904.79 134,904.79 134,904.79 134,904.79
Payment Fixed Asset 0.00 40,000.00 0.00 0.00
Total payments 396,149.75 488,624.41 476,547.08 514,213.75
Surplus/Deficit -66,149.75 141,375.59 293,452.92 395,786.25
Opening Balance 150,000.00 83,850.25 225,225.84 518,678.76
Closing Balance 83,850.25 225,225.84 518,678.76 914,465.01
 Q4

420,000.00
490,000.00
910,000.00

Q4

22,500.00
37,500.00
60,900.00
101,500.00
222,400.00
 Year

2,590,000.00
50,000.00
2,640,000.00

698,880.00
92,800.00
301,963.59
202,272.24
539,619.16
40,000.00
1,875,534.99
764,465.01
150,000.00
914,465.01