Professional Documents
Culture Documents
Sales
Budget
From
From sales
sales
budget
budget
Expected Cash Collections
Expected Cash Collections
The Production Budget
Royal Company wants ending inventory to
be equal to 10% of the following month’s
budgeted unit required
Royal
Royal pays
pays $0.40
$0.40 per
per kilogram
kilogram for
for its
its
materials.
materials.
One-half
One-half of
of aa month’s
month’s purchases
purchases are
are
paid
paid for
for in
in the
the month
month of of purchase;
purchase; the
the
other
other half
half is
is paid
paid in
in the
the following
following month.
month.
The
The March
March 31
31 accounts
accounts payable
payable balance
balance
is
is $12,000.
$12,000.
Let’s
Let’s calculate
calculate expected
expected cash
cash
disbursements.
disbursements.
Expected Cash Disbursement for Materials
May purchases
June purchases
Total cash
disbursements
Expected Cash Disbursement for Materials
June purchases
Total cash
140,000 kgs. × $.40/kg.$=40,000
disbursements $56,000
Expected Cash Disbursement for Materials
Total cash
disbursements $ 40,000 $ 72,300
Expected Cash Disbursement for Materials
At
At Royal,
Royal, each
each unit
unit of
of product
product requires
requires 0.05
0.05 hours
hours of
of
direct
direct labour.
labour.
The
The Company
Company has has aa “no
“no layoff”
layoff” policy
policy so
so all
all employees
employees
will
will be
be paid
paid for
for 40
40 hours
hours of of work
work each
each week
week minimum.
minimum.
In
In exchange
exchange for for the
the “no
“no layoff”
layoff” policy,
policy, workers
workers agreed
agreed to
to
aa wage
wage rate
rate of
of $10
$10 per
per hour
hour regardless
regardless of of the
the hours
hours
worked
worked (No(No overtime
overtime pay pay premium).
premium).
For
For the
the next
next three
three months,
months, the the direct
direct labour
labour workforce
workforce
will
will be
be paid
paid for
for aa minimum
minimum of of 1,500
1,500 hours
hours perper month.
month.
Let’s
Let’s prepare
prepare the
the direct
direct labour
labour budget.
budget.
The Direct Labour Budget
From production
budget
The Direct Labour Budget
The Direct Labour Budget
Higher
Higher ofof labour
labour hours
hours required
required
or
or labour
labour hours
hours guaranteed.
guaranteed.
The Direct Labour Budget
Manufacturing Overhead Budget
At
At Royal,
Royal, variable
variable selling
selling and
and administrative
administrative
expenses
expenses are
are $0.50
$0.50 per
per unit
unit sold.
sold.
Fixed
Fixed selling
selling and
and administrative
administrative expenses
expenses are
are
$70,000
$70,000 per
per month.
month.
The
The fixed
fixed selling
selling and
and administrative
administrative expenses
expenses
include
include $10,000
$10,000 in
in costs
costs –– primarily
primarily depreciation
depreciation ––
that
that are
are not
not cash
cash outflows
outflows ofof the
the current
current month.
month.
Let’s
Let’s prepare
prepare the
the company’s
company’s selling
selling and
and
administrative
administrative expense
expense budget.
budget.
Selling and Administrative Expense
Budget
Royal:
●
●Maintains
Maintains aa 16%
16% open
open line-of-credit
line-of-credit for
for $75,000.
$75,000.
●
●Maintains
Maintains aa minimum
minimum cashcash balance
balance of
of $30,000.
$30,000.
●
●Borrows
Borrows on
on the
the first
first day
day of
of the
the month
month and
and repays
repays
loans
loans on
on the
the last
last day
day of
of the
the month.
month.
●
●Pays
Pays aa cash
cash dividend
dividend of
of $49,000
$49,000 in
in April.
April.
●
●Purchases
Purchases $143,700
$143,700 of
of equipment
equipment in
in May
May and
and
$48,300
$48,300 in
in June
June paid
paid in
in cash.
cash.
●
●Has
Has an
an April
April 11 cash
cash balance
balance ofof $40,000.
$40,000.
The Cash Budget
April May June Quarter
Beginning cash balance $ 40,000
Add cash collections 170,000
Total cash available 210,000
Less disbursements
Materials 40,000
Direct labour
Mfg. overhead
Selling and admin.
Equipment purchase Schedule
Schedule of
of Expected
Expected
Dividends Cash
Cash Disbursements
Disbursements
Total disbursements
Excess (deficiency) of
cash available over Schedule
Schedule of
of Expected
Expected
disbursements Cash
Cash Collections
Collections
The Cash Budget
April May June Quarter
Beginning cash balance $ 40,000
Add cash collections 170,000 Direct Labour
Total cash available 210,000 Budget
Less disbursements
Materials 40,000
Direct labour 15,000
Mfg. overhead 56,000
Manufacturing
Selling and admin. 70,000 Overhead Budget
Equipment purchase
Dividends
Total disbursements
Excess (deficiency) of
Selling and Administrative
cash available over
disbursements Expense Budget
The Cash Budget
April May June Quarter
Beginning cash balance $ 40,000
Add cash collections 170,000
Total cash available 210,000
Less disbursements
Materials 40,000 Because Royal maintains
Direct labour 15,000 a cash balance of $30,000,
Mfg. overhead 56,000 the company must
Selling and admin. 70,000 borrow on its
Equipment purchase -
Dividends 49,000
line-of-credit.
Total disbursements 230,000
Excess (deficiency) of
cash available over
disbursements $ (20,000)
Financing and Repayment
Bulan
Januari
Penjualan tunai adalah sebanyak 50%, sedangkan 30% merupakan penjualan
kredit satu bulan, dan sisanya kredit dengan pelunasan dilakukan 2 bulan setelah
transaksi. Untuk penjualan tunai perusahaan memberikan potongan penjualan
kepada pembeli sebesar 15%
Februari
lanjutan
Data dari bagian pembelian bahan baku :
Bula
Pembelian bahan baku dilakukan tunai sebanyak 20%, 30% secara kredit yang
dibayar pada periode discount, 40% kredit dengan pembayaran satu bulan
Januari
kemudian, dan sisanya dilakukan pembayaran dua bulan berikutnya. Term of
Payment yang diberikan oleh supplier adalah, 10/20, n/30
Perusahaan membayar gaji dan upah perbulan sebesar 10% dari
budget penjualan bulan-bulan bersangkutan.
Biaya depresiasi sebesar Rp. 15.000/ bulan
Februari
Biaya listrik setiap bulan sebesar 6.000
Penghasilan bunga deposito tiga bulanan (Maret dan Juni) sebesar
2.500 setiap penerimaan, dan penghasilan sewa perbulan sebesar
5.000
Pengeluaran lainnya adalah ; Biaya promosi sebesar 15.000 (bulan
Juni) , Pajak dibayar sebesar 40.000 pada bulan Maret dan dua kali
Maret
lipatnya pada bulan Juni.
lanjutan
Pembayaran Utang beserta bunga ke perusahaan leasing pada bulan
Mei sebesar 30.000
Aktiva Tetap ditambah sebesar 60.000 (bulan Maret) , dimana
pembayarannya dilakukan 50% pada bulan pembelian dan sisanya
satu bulan kemudian.
Informasi lain :
Sisa kas akhir bulan Februari adalah 50.000
Kebijakan safety cash perusahaan adalah sebesar 45.000
perbulannya
Jika safety cash tidak tercapai , maka kebijakan perusahaan adalah
melakukan utang jangka pendek sebesar 50.000 (pada bulan Maret) .
Pembayaran utang plus bunga dilakukan 2 bulan kemudian (bunga
perbulan adalah sebesar 2%).
Buatlah BUDGET KAS untuk PT. Abang Didi untuk bulan Maret –
Juni 2008
Transaksi Yang Tidak Mempengaruhi Kas
1 2 3
Beban penyusutan Dividen dalam Aset dinilai kembali
(depresiasi, bentuk saham atau (revaluasi aset)
penghapusan, dan bonus dalam bentuk
amortisasi) saham
Budget Piutang
Bulan Piutang Awal Tambahan Jumlah Pelunasan Piutang Akhir
Piutang Piutang Piutang
ke penerimaan
kas
Budget Utang
Bulan Utang Awal Tambahan Jumlah Utang Pelunasan Utang Akhir
Utang Utang
ke pengeluaran
kas