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Arm the Sales Budget Arming the Production Budget Arm Budget Direct Depletion Arm Budget Raw Material Purchasing Direct Arm Budget Direct Labor Arm GIF Budget Arming the Operating Expense Budget Inventories Arm Budget
SALES BUDGET
Laboratorios Regionales S.A
I SEMESTER Di 6000 uni 100.00 600,000 3,350,000
SALES BUDGETED (*) SALE PRICE TOTAL TOTAL SEMESTER TOTAL ANNUAL
$ $
PRODUCTION BUDGET
Laboratorios Regionales S.A
PRODUCTION ANNUAL
$ $
$ $
LABOR BUDGET
Laboratorios Regionales S.A
I SEMESTER D REQUEST FOR PRODUCTION HRS REQUIRED BY PRODUCT TOTAL HOURS COST PER HOUR COST OF MOD TOTAL ANNUAL 10000 uni 3 hrs 30000 hrs 10.00 300,000
$ $
RATE OF APPLICATION =
Commissions = Commissions =$
RAW MATERIAL REQUIRED (+) OD HAND (+) EXPENSES IF (=) COST OF PRODUCTION (+) INV ART ORIGINAL ENDING (=) ENDED ART AVAILABLE (-) ART FINAL INVENTORY TERMIN (=) COST OF SALES BUDGETED
$ $ $ $
STATEMENT BUDGETED
Laboratorios Regionales S.A
to December 31, 2002
SALES (-) Cost of sales (=) GROSS PROFIT (-) OPERATING EXPENSES (=) OPERATING INCOME (-) 15% JOB SHARING (=) TAXABLE (-) 22% INCOME TAX (=) NET INCOME
(-) OUT OF CASH PAYMENT OF MACHINERY CTS PAYMENT PAYABLE SUPPLIER TAX YEAR CURRENT YEAR TAX DIRECT LABOR GIF (WITHOUT DEPRECIATION) OPERATING EXPENSES (SIN depreciates) PAYMENT OF PURCHASES OF RAW MATERIAL (60%) TOTAL OUTPUT (=) CASH BALANCE
BALANCE
Laboratorios Regionales S.A
At December 31, 2001
ASSETS CURRENT cash customers Material inventory Term Art Inventory TOTAL CURRENT NO CURRENT ground Plant and Equipment Accumulated Depreciation TOTAL NON-CURRENT
$ $ $ $ $ $ $ $ $
TOTAL ASSETS
5,332,576
SALES BUDGET
Laboratorios Regionales S.A
I SEMESTER Z $ $ $ 5000 uni 150.00 $ 750,000 $ 3,350,000 II SEMESTER D Di 5000 uni 4000 uni 220.00 $ 120.00 $ 1,100,000 $ 480,000 $ $ 5,680,000
PRODUCTION BUDGET
Laboratorios Regionales S.A
I SEMESTER Z 5000 uni 5000 uni -5000 uni 5000 uni D 5000 uni 7000 uni -10000 uni 2000 uni
D 12000 uni
Z 7000 uni
LABOR BUDGET
Laboratorios Regionales S.A
I SEMESTER DI 6000 uni 1 hrs 6000 hrs $ 10.00 $ $ 60,000 $ II SEMESTER DI 2000 uni 2000 uni 3 hrs 1 hrs 6000 hrs 2000 hrs 11.00 $ 11.00 66,000 $ 22,000 $
592,000
$ $
$ $ $ $ $
STATEMENT BUDGETED
Laboratorios Regionales S.A
to December 31, 2002
$ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $
50,000 150,000 50,000 679,184 592,000 132,000 527,000 1,112,640 $ $ (3,292,824) 1,919,176
BALANCE
Laboratorios Regionales S.A
At December 31, 2001
LIABILITIES SHORT TERM suppliers Notes payable TOTAL SHORT TERM LONG-TERM Obligations payable TOTAL LIABILITIES EQUITY Capital contributed Capital won Contribution to capital fut TOTAL CAPITAL TOTAL LIABILITIES + EQUITY
II SEMESTER RAW MATERIAL C 18000 uni 8000 uni 10000 uni 36000 uni $ 4.40 $ 158,400
II SEMESTER RAW MATERIALC 36000 uni 3000 39000 uni -5000 34000 uni $ 4.40 $ 149,600
$ $
TOTAL
$ $ $
50,000
5,162,000 5,212,000
(3,292,824) 1,919,176
$ $ $ $ $
$ $ $ $ $