Cammi Gustaveson

CH9 Excel Budget Assingment

Cash Collections Budget

For the Quarter Ended March 31

Cash sales
Credit Sales
Totoal cash collections

Month
January
February March
Quarter
34860
41580
40320
116760
64740
77220
74880
216840
99600
118800
115200
333600

Production Budget
For the Quarter Ended March 31

Unit Sales
Plus: Desired Ending Inventory
Total needed
Less: Beginning Inventory
Number of Units to Produce

January
8300
23760
32060
1250
30810

Month
Febraury March
Quarter
9900
9600
27800
23040
21600
68400
32940
31200
96200
1250
1250
3750
31690
29950
92450

Direct Materials Budget

For the Quarter Ended March 31

Units to be produced
Multiply By: Quantity Of DM
Quantity needed for prod.
Plus: Desire edning inventory
Total quantity needed
Less: Beginning inventory
Quantity to purchase
Multiply By: Cost per lb.
Total cost of DM purchase

Month
January
February March
Quarter
30810
31690
29950
92450
3
3
3
9
92430
95070
89850
832050
19014
17970
21600
58584
111444
113040
111450
335934
1250
1250
1250
3750
110194
111790
110200
332184
2
2
2
6
220388
223580
220400 1993104

Cash Payment For DM Budget

For the Quarter Ended March 31

20% of current month DM

Month
January
February March
Quarter
44077.6
44716
44080 398620.8

80% of current month DM

Total cash payments

176310.4
220388

178864
223580

176320
220400

1594483
1993104

Cash Payments for Direct Labor Budget

For The Quarter Ended March 31

Total Cost of DL

Month
January
February March
Quarter
3807
4442
4293
12542

Cash Payments for Manufacturing Overhead Budget

For the Quarter Ended March 31

Variable Manu. Overhead

Rent
Other fixed MO
Cash Payment for MO

January
9130
5500
2900
17530

Month
February March
Quarter
10890
10560
30580
5500
5500
16500
2900
2900
8700
19290
18960
55780

Cash Payments for Operating Expenses Budget

For the Quarter Ended March 31

Variable Operating Expense

Fixed Operating Expense
Cahs payment for OE

Month
January
February March
Quarter
10375
12375
12000
34750
1800
1800
1800
5400
12175
14175
13800
40150

Combined Cash Budget

For the Quarter Ended March 31

Beginning cash balance

Plus: Cash collections
Total Cash Available
Less Cash Payments
DM Purchases
Direct Labor
MO costs
Operating Expense
Tax Payment
Equipment Purchases

Month
January
February March
Quarter
4600
4600
4600
13800
99600
118800
115200
333600
104200
123400
119800
347400
220388
3807
17530
12175
3333
5000

223580
4442
19290
14175
3333
12200

220400
4293
18960
13800
3333
16600

1993104
12542
55780
40150
10000
33800

Total Cash Payments

Ending Cash before Financing
Financing:
Plus: New borrowings
Less: Debt Repayments
Less: Interest Payments
Ending Cash Balance

262233
-158033

274020
-150620

277386 2145376
-157586 -1797976

0
1000
430
-159463

0
1000
430
-152050

0
0
1000
3000
430
1290
-159016 -1802266

Budgeted Manu. Cost p. unit

DM cost per unit
DL cost per unit
Variable MO cost per unit
Fixed MO cost per unit
Budgeted cost of One Unti

26.55
0.46
2.11
0.7
29.82

Budgeted Income Statement

For the Quarter Ended March 31
Sales Revenue
Less: COGS
Gross Profit
Less: Operating Exp.
Less: Deperection Exp.
Operating Income
Less: Interest Exp.
Less: Income tax expense

29.55
12175
0
430
10000