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Sales Budget 20x4

4th Quarter 1st Quarter


S frame unit sales 50000 55000
X S sales price 10 10
S frame sales revenue 500000 550000
L frame unit sales 40000 45000
X L sales price . 15 15
L frame sales revenue 600000 675000
Total sales revenue 1100000 1225000
Cash sales* 440000 490000
Sales on account
40% of total sales CASH 440000 490000
60% of total sales CREDIT 660000 735000
Total 80% of credit sales 528000 588000
plus 20% collected in next qtr 117000 132000

20x4
Cash receipts Budget 4th Quarter 1st Quarter
Cash 40% 440000 490000
Cash collection from credit sales made during current quarters 528000 588000
Cash collection from credit sales made during previous quarters 117000 132000
Total Cash Sales 1085000 1210000

20x4
Production Budget 4th Quarter 1st Quarter
S frames
Sales (in units) 50000 55000
Add: Desired ending inventory 11000 12000
Total units needed 61000 67000
Less: Expected beginning inventory 10000 11000
Units to be produced 51000 56000
L frames:
Sales (in units) 40000 45000
Add: Desired ending inventory 9000 10000
Total units needed 49000 55000
Less: Expected beginning inventory 8000 9000
Units to be produced 41000 46000
92000 102000
20x4
Direct-material budget 4th Quarter 1st Quarter
Metal strips:
S frames to be produced 51000 56000
X Metal quantity per unit (ft.) 2 2
Needed for S frame production 102000 112000
L frames to be produced 41000 46000
X Metal quantity per unit (ft.) 3 3
Needed for L frame production 123000 138000
Total metal needed for production; to be purchased (ft.) 225000 250000
X Price per foot 1 1
Cost of metal strips to be purchased 225000 250000
Glass sheets:
S frames to be produced 51000 56000
X Glass quantity per unit (sheets) 0.25 0.25
Needed for S frame production 12750 14000
L frames to be produced 41000 46000
X Glass quantity per unit (sheets) 0.5 0.5
Needed for L frame production 20500 23000
Total glass needed for production (sheets) 33250 37000
Add: Desired ending inventory 7400 8150
Total glass needs 40650 45150
Less: Expected beginning inventory 6650 7400
Glass to be purchased 34000 37750
X Price per glass sheet 8 8
Cost of glass to be purchased 272000 302000
Total raw-material purchases. (metal and glass) 497000 552000

20x4
Cash Disbursement Budget 4th Quarter 1st Quarter
Raw-material purchases 497000 552000
Cash payments for purchases during the current quarter (80%) 441600
Cash payments for purchases during the preceding quarter (20%) 99400
Total cash payments for raw-material purchases 541000
Direct labor:
Frames produced (S and L) . 102000
X Direct-labor hours per frame 0.1
Direct labour to be used 10200
X Rate per direct labour hour 20
Total cash payments for direct labour 204000
Manufacturing overheads
Indirect material 10200
Indirect labour 40800
Others 31000
Total cash payments for manufacturing overhead 82000
Total cash payment for selling and administrative expenses 100000
Total cash disbursement 927000

Summary Cash Budget 1st Quarter


Cash receipts from schedule 2 1210000
Less: Cash disbursements from schedule 5 927000
Change in cash balance due to operations 283000
Payments of Dividends -50000
Proceeds from bank loan 1000000
Purchase of equipment -1000000
Quarterly installment on loan principal -250000
Quarterly interest payment -25000
Change in cash balance during the period -42000
Cash Balance beginning of period 95000
Cash Balance end of period 53000

Budgeted Schedule for Cost of Good Manufactured and SOLD

Direct Material
Raw Material Inventory 59200
Add purchase of raw material 2538000
Raw Material available 2597200
Less Raw Material 83200
Raw material used 2514000
Direct Labour 936000
Manufacturing overheads
Indirect Material 46800
Indirect Labour 187200
Other ocvhrs 154000
Depreciation 80000
Total Manu Ohs 46800
20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year
60000 65000 70000 250000
10 10 10
600000 650000 700000 2500000
50000 55000 60000
15 15 15
750000 825000 900000 3150000
1350000 1475000 1600000 5650000 3rd Qtr 2-x4
540000 590000 640000 2260000
S L
540000 590000 640000 2260000 450000 525000
810000 885000 960000 3390000 975000
648000 708000 768000 60% credit 585000
147000 162000 177000 117000

20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year
540000 590000 640000
648000 708000 768000
147000 162000 177000
1335000 1460000 1585000

20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year

60000 65000 70000 250000


13000 14000 15000
73000 79000 85000
12000 13000 14000
61000 66000 71000 254000

50000 55000 60000


11000 12000 13000
61000 67000 73000
10000 11000 12000 -10000
51000 56000 61000 214000 102000 112000 122000
112000 122000 132000
20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year
61000 66000 71000 20% of following qtrs glass sheet
2 2 2
122000 132000 142000
51000 56000 61000
3 3 3
153000 168000 183000
275000 300000 325000
1 1 1
275000 300000 325000 0

61000 66000 71000


0.25 0.25 0.25
15250 16500 17750
51000 56000 61000
0.5 0.5 0.5
25500 28000 30500
40750 44500 48250
8900 9650 10,400 83200
49650 54150 58650
8150 8900 9650
41500 45250 49000
8 8 8
332000 362000 392000
607000 662000 717000

20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year
607000 662000 717000 2538000
485600 529600 573600 2030400
110400 121400 132400 463600
596000 651000 706000 2494000

112000 122000 132000 468000


0.1 0.1 0.1 0.4
11200 12200 13200 46800
20 20 20 80
224000 244000 264000 936000

11200 12200 13200 46800


44800 48800 52800 187200
36000 41000 46000 154000
92000 102000 112000 388000
100000 100000 100000 400000
1012000 1097000 1182000 4218000 434500

20x5
2nd Quarter 3rd Quarter 4th Quarter Entire Year
1335000 1460000 1585000 5590000
1012000 1097000 1182000 4218000
323000 363000 403000 1372000
-50000 -50000 -50000 -200000
1000000 Loan
-1000000 250000 1000000
-250000 -250000 -250000 -1000000 750000
-18750 -12500 -6250 -62500 500000
4250 50500 96750 109500 250000
53000 57250 107750 95000
57250 107750 204500 204500

Manuf Overhea 468000


xdirect labour 0.1
total 46800
83200 x predetermin 10
Total 468000

COGM S L
Frames produc 254000 214000
cost 7 10
1778000 2140000
3918000

Finished Goods Inventory


S L
Projected inventory
132000
g qtrs glass sheet
Sales Budget 20x4 20x5
4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
S frame unit sales 50000 55000 60000 65000 70000
X S sales price 10 10 10 10 10
S frame sales revenue 500000 550000 600000 650000 700000
L frame unit sales 40000 45000 50000 55000 60000
X L sales price . 15 15 15 15 15
L frame sales revenue 600000 675000 750000 825000 900000
Total sales revenue 1100000 1225000 1350000 1475000 1600000
Cash sales* 440000 490000 540000 590000 640000
Sales on account
40% of total sales CASH 440000 490000 540000 590000 640000
60% of total sales CREDIT 660000 735000 810000 885000 960000

20x4 20x5
Cash receipts Budget 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Cash 40% 440000 490000 540000 590000 640000

Cash collection from credit sales


made during current quarters 528000 588000 648000 708000 768000

Cash collection from credit sales


made during previous quarters 117000 132000 147000 162000 177000
Total Cash Sales 1085000 1210000 1335000 1460000 1585000

20x4 20x5
Production Budget 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
S frames
Sales (in units) 50000 55000 60000 65000 70000
Add: Desired ending inventory 11000 12000 13000 14000 15000
Total units needed 61000 67000 73000 79000 85000
Less: Expected beginning invento 10000 11000 12000 13000 14000
Units to be produced 51000 56000 61000 66000 71000
L frames:
Sales (in units) 40000 45000 50000 55000 60000
Add: Desired ending inventory 8000 9000 10000 11000 12000
Total units needed 48000 54000 60000 66000 72000
Less: Expected beginning invento 7000 8000 9000 10000 11000
Units to be produced 41000 46000 51000 56000 61000
20x4 20x5
Direct-material budget 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Metal strips:
S frames to be produced 51000 56000 61000 66000 71000
X Metal quantity per unit (ft.) 2 2 2 2 2
Needed for S frame productio 102000 112000 122000 132000 142000
L frames to be produced 41000 46000 51000 56000 61000
X Metal quantity per unit (ft.) 3 3 3 3 3
Needed for L frame productio 123000 138000 153000 168000 183000
Total metal needed for production; t 225000 250000 275000 300000 325000
X Price per foot 1 1 1 1 1
Cost of metal strips to be purchased 225000 250000 275000 300000 325000
Glass sheets:
S frames to be produced 51000 56000 61000 66000 71000
X Glass quantity per unit (shee 0.25 0.25 0.25 0.25 0.25
Needed for S frame productio 12750 14000 15250 16500 17750
L frames to be produced 41000 46000 51000 56000 61000
X Glass quantity per unit (shee 0.5 0.5 0.5 0.5 0.5
Needed for L frame productio 20500 23000 25500 28000 30500
Total glass needed for production ( 33250 37000 40750 44500 48250
Add: Desired ending inventory 7400 8150 8900 9650 10400
Total glass needs 40650 45150 49650 54150 58650
Less: Expected beginning inventory 6650 7400 8150 8900 9650
Glass to be purchased 34000 37750 41500 45250 49000
X Price per glass sheet 8 8 8 8 8
Cost of glass to be purchased 272000 302000 332000 362000 392000
Total raw-material purchases. (met 497000 552000 607000 662000 717000

442000 55000
20x4 20x5
Cash Disbursement Budget 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Raw-material purchases 497000 552000 607000 662000 717000
Cash payments for purchases during the current 441600 485600 529600 573600
Cash payments for purchases during the precedin 99400 110400 121400 132400
Total cash payments for raw-material purchases 541000 596000 651000 706000
Direct labor:
Frames produced (S and L) . 102000 112000 122000 132000
X Direct-labor hours per frame 0.1 0.1 0.1 0.1
Direct labour to be used 10200 11200 12200 13200
X Rate per direct labour hour 20 20 20 20
Total cash payments for direct labour 204000 224000 244000 264000
Manufacturing overheads
Indirect material 10200 11200 12200 13200
Indirect labour 40800 44800 48800 52800
Others 31000 36000 41000 46000
Total cash payments for manufacturing overhead 82000 92000 102000 112000
Total cash payment for selling and administrativ 100000 100000 100000 100000
Total cash disbursement 927000 1012000 1097000 1182000

20x5
Summary Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Entire Year
Cash receipts from schedule 2 1210000 1335000 1460000 1585000
Less: Cash disbursements from sche 927000 1012000 1097000 1182000
Change in cash balance due to oper 283000 323000 363000 403000
Payments of Dividends -50000 -50000 -50000 -50000
Proceeds from bank loan 1000000
Purchase of equipment -1000000
Quarterly installment on loan princi -250000 -250000 -250000 -250000
Quarterly interest payment -25000 -18750 -12500 -6250
Change in cash balance during the -42000 4250 50500 96750
Cash Balance beginning of period 95000 53000 57250 107750
Cash Balance end of period 53000 57250 107750 204500

Budgeted Schedule for Cost of Good Manufactured and SOLD

Direct Material
Raw Material Inventory 59200
Add purchase of raw material 2538000 COGM
Raw Material available 2597200 S L
Less Raw Material 83200 254000 214000
Raw material used 2514000 7 10
Direct Labour 936000 1778000 2140000
Manufacturing overheads 3918000
Indirect Material 46800
Indirect Labour 187200
Other ocvhrs 154000
Depreciation 80000 468000
Total Manu Ohs 2046000
COGM 3918000
finished goods 167000
4085000
less desired inventory 225000
Entire Year
45000
10
2500000 450000

3150000

3rd Q 20x4
585000

Entire Year

Entire Year

250000

254000

210000

214000
254000

214000

1150000

1150000

254000

214000

170500

1388000
2538000

Entire Year

2494000

936000
400000
4218000

1000000 250000
750000
500000
250000

Total fframes produced

468000 0.1 total manu overheads


468000
Sales Budget 1st Qtr 2nd Qtr 3rd Qtr
Sales in Units 2000 6000 8000
$25 per tile 50000 150000 200000

Cash Receipt 1st Qtr 2nd Qtr 3rd Qtr


Sales Revenue from Sales Budget 50000 150000 200000
60% 30000 90000 120000
40% 40000 20000 60000
Total Cash Receipts 70000 110000 180000

Production Budget 1st Qtr 2nd Qtr 3rd Qtr


Sales in Units 2000 6000 8000
600 800 400
Total Units 2600 6800 8400
200 600 800
Units to be produced 2400 6200 7600

Direct Material Cost 1st Qtr 2nd Qtr 3rd Qtr


2400 6200 7600
2 2 2
4800 12400 15200
Add desired ending inventory 1240 1520 760
Total raw material 6040 13920 15960
less inventy 480 1240 1520
5560 12680 14440
27800 63400 72200

Direct Material Cost 1st Qtr 2nd Qtr 3rd Qtr


27800 63400 72200
70% paid in current quarter 19460 44380 50540
30% paid in the next quarter 10980 8340 19020
Total Cash payment 30440 52720 69560
4th Qtr Year
4000 20000
100000 500000

4th Qtr Year


100000 500000
60000 300000
80000 200000
140000 500000

4th Qtr Year


4000 20000
200 200
4200 20200
400 200
3800 20000

4th Qtr Year


3800 20000
2 2
7600 40000
480 480
8080 40480
760 480
7320 40000
36600 200000

4th Qtr Year


36600 200000
25620 140000
21660 60000
47280 200000