Scribd Logo
Upload

Welcome to Scribd!

  • Allison Manufacturing Sales Budget For The First Quarter

    Uploaded by

    Qiqi Baihaqi
    31 views3 pages
    The document presents Allison Manufacturing's sales, production, purchase, labor, and cash budgets for the first quarter. It forecasts unit sales to increase each month from 40,000 to 50,000 to 60,000 units. It also includes budgets for production needs, material and component purchases, labor costs, overhead, expenses, ending inventory, cost of goods sold, income, and cash flows. The purpose is to estimate financial performance and cash flows for the quarter in order to plan operations and financing needs.

    Original Description:

    Original Title

    P 9-47

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document presents Allison Manufacturing's sales, production, purchase, labor, and cash budgets for the first quarter. It forecasts unit sales to increase each month from 40,000 to 50,000 to 60,000 units. It also includes budgets for production needs, material and component purchases, labor costs, overhead, expenses, ending inventory, cost of goods sold, income, and cash flows. The purpose is to estimate financial performance and cash flows for the quarter in order to plan operations and financing needs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    31 views3 pages

    Allison Manufacturing Sales Budget For The First Quarter

    Uploaded by

    Qiqi Baihaqi
    The document presents Allison Manufacturing's sales, production, purchase, labor, and cash budgets for the first quarter. It forecasts unit sales to increase each month from 40,000 to 50,000 to 60,000 units. It also includes budgets for production needs, material and component purchases, labor costs, overhead, expenses, ending inventory, cost of goods sold, income, and cash flows. The purpose is to estimate financial performance and cash flows for the quarter in order to plan operations and financing needs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    ALLISON MANUFACTURING

    SALES BUDGET
    For the First Quarter
    SALES BUDGET
    1
    Units
    Units Selling Price
    Budgetted Sales

    40.000
    $205
    8.200.000

    50.000
    $205
    10.250.000

    60.000
    $205
    12.300.000

    PRODUCTION BUDGET
    1
    Sales in Units
    Desired Ending Inventory
    Total Needs
    Less: Beginning Inventory
    Units to be produced

    40.000
    40.000
    80.000
    32.000
    48.000

    3
    50.000
    48.000
    98.000
    40.000
    58.000

    60.000
    48.000
    108.000
    48.000
    60.000

    DM PURCHASED BUDGET
    1
    Units to be Produced
    DM per Unit
    Produstion needs
    Desired Ending Inventory
    Total needs
    Less: Beginning Inventory
    DM to be Purchased
    Unit Cost
    Total Purchase Cost Metal

    48.000
    $10
    480.000
    290.000
    770.000
    240.000
    530.000
    $8
    4.240.000

    2
    58.000
    $10
    580.000
    300.000
    880.000
    290.000
    590.000
    $8
    4.720.000

    3
    60.000
    $10
    600.000
    308.000
    908.000
    300.000
    608.000
    $8
    4.864.000

    COMPONENTS
    1
    Units to be Produced
    DM per Unit
    Production Needs
    Desired Ending Inventory
    Total Needs
    Less: Beginning Inventory
    DM to be Purchased
    Unit Cost
    Total Purchase Cost Component
    Total DM Purchased Cost

    48.000
    $6
    288.000
    174.000
    462.000
    144.000
    318.000
    $5
    1.590.000
    5.830.000

    2
    58.000
    $6
    348.000
    180.000
    528.000
    174.000
    354.000
    $5
    1.770.000
    6.490.000

    3
    60.000
    $6
    360.000
    184.800
    544.800
    180.000
    364.800
    $5
    1.824.000
    6.688.000

    DIRECT LABOR BUDGET


    1
    Units to be Produced
    Direct Labor Time/unit in hours
    Total Hours Needed
    Average wage per hours
    Total Direct Labor Cost

    48.000
    3
    144.000
    $14,25
    2.052.000

    58.000
    3
    174.000
    $14,25
    2.479.500

    60.000
    3
    180.000
    $14,25
    2.565.000

    OVERHEAD BUDGET
    1
    Budgeted DL hours
    Variable OH Rate
    Budgeted Variable OH
    Budgeted Fixed OH
    Total OH

    144.000
    $2,40
    345.600
    338.000
    683.600

    174.000
    $2,40
    417.600
    338.000
    755.600

    180.000
    $2,40
    432.000
    338.000
    770.000

    SELLING & ADMIN EXP. BUGET


    1
    Planned Sales in Units
    Variable Selling & Admin exp./unit
    Total Variable Exp.
    Fixed Selling & Admin Expense :
    Salaries
    Depreciation
    Other
    Total Fixed Exp.
    Total Selling & Admin Expense
    ENDING FINISHED GOOD INVENTORY BUDGET
    Unit Product Cost
    DM :
    Metal (10 X $8)
    Component (6 X $5)
    DL (3 hours X $14,25)
    OH :
    Variable (3 X $2,4)
    Fixed (3 X $2,04)
    Total Unit Cost
    Assembly
    Unit Cost
    Total Ending Inventory

    40.000
    $3,60
    144.000

    50.000
    $3,60
    180.000

    60.000
    $3,60
    216.000

    50.000
    40.000
    20.000
    110.000
    254.000

    50.000
    40.000
    20.000
    110.000
    290.000

    50.000
    40.000
    20.000
    110.000
    326.000

    80
    30

    110
    42,75
    7,20
    6,11
    166,06

    48.000
    166,06
    7.970.880

    COGS BUDGET
    DM Used
    DL Used
    Overhead
    Budgeted Manufacturing Cost
    Beginning Finished Goods
    Cost of Goods available for sale
    Less: Ending Finished Goods
    Budgeted COGS

    18.260.000
    7.096.500
    2.209.200
    27.565.700
    5.313.920
    32.879.620
    7.970.880
    24.908.740

    BUDGETED INCOME STATEMENT


    Sales
    Less: COGS
    Gross Margin
    Less: Selling & Admin Expense
    Operating Income
    Less: Interest Expense
    Net Income

    30.750.000
    24.908.740
    5.841.260
    870.000
    4.971.260
    888
    4.970.372

    CASH BUDGET
    1
    Beginning Cash Balance
    Cash Sales
    Total Cash Available
    Less Disbursements :
    Payment for :
    Raw Materials
    Direct Labor
    Overhead
    Selling & Admin Expense
    Total Disbursements
    Excess (deficiency) of cash available over
    needs
    Financing :
    Borrowings
    Repayments
    Interest
    Total Financing
    Ending Cash Balance

    400.000
    8.200.000
    8.600.000

    50.000
    10.250.000
    10.300.000

    524.900
    12.300.000
    12.824.900

    5.830.000
    2.052.000
    483.600
    214.000
    8.579.600

    6.490.000
    2.479.500
    555.600
    250.000
    9.775.100

    6.688.000
    2.565.000
    570.000
    286.000
    10.109.000

    20.400

    524.900

    2.715.900

    524.900

    -29.600
    -888
    -30.488
    2.685.412

    29.600

    29.600
    50.000

    You might also like