sales budget

Q1
2500
800

2500
800

2500
800

2500
800

tottal
10000
800

2000000

2000000

2000000

2000000

8000000

Sales unit (a)

Plus ending inventory
(b)

2500

2500

2500

2500

10000

125

125

125

125

500

Total unit needed

2625

2625

2625

2625

10500

125

125

125

375

2625

2500

2500

2500

10125

sales unit

Sales price per unit

Total sales revenue
budget

Less Beginning
inventory

Q2

Q1

Q2
2625
200
525000

Cost per unit

Q1
Unit to be produced
Direct labour hour per
unit
Total labour budget
Budgeted wage per hour

Variable overhead rate

Total
Fixed overhead
Total overhead
Q1

Q4

Q3
2500
200
500000

Q2

Q4
2500
200
500000

Q3

Total
2500
200
500000

Q4

10125
800
2025000
Total

2625

2500

2500

2500

10125

13125

12500

12500

12500

50625

40

40

40

40

40

525000

500000

500000

500000

2025000

Q1
Budgeted direct labor

Q3

Q2

Q3

Q4

Year

13125

12500

12500

12500

50625

10

10

10

10

10

131250
3000
134250

125000
3000
128000

125000
3000
128000

125000
3000
128000

506250
12000
518250

Q2

Q3

Q4

Budgeted labor hour

Variable
Total
Fixed
Total

13125

12500

12500

12500

50625

20
262500
7500
270000

20
250000
7500
257500

20
250000
7500
257500

20
250000
7500
257500

20
1012500
30000
1042500

Q1
100000
2000000
2100000

Q2
645750
2000000
2645750

Q3
1260250
2000000
3260250

Q4
1874750
2000000
3874750

525000
525000
134250
270000

500000
500000
128000
257500

500000
500000
128000
257500

500000
500000
128000
257500

beginning cash balance

Sales
available balance
less disbursement
direct material
direct labour
factory overhead budget
selling
Total

1385500 1385500 1385500

1454250
645750 1260250 1874750 2489250

closing balance

MASTER BUDGET
Sales

8000000

direct material
2025000
direct labour
2025000
factory overhead
518250
total manufacturing cost
gross profit

4568250
3431750

selling and administration expen

1042500

net income

2389250

Q4
100000
8000000
8100000
2025000
2025000
518250
1042500
5610750
2489250