Master Bud

For the month of Dec

Schedule of Expected Cash Collections

Requirement 1:
February sales: $230,000 10%
March sales: $260,000 70%, 10%
April sales: $300,000 20%, 70%, 10%
May sales: $500,000 20%, 70%
June sales: $200,000 20%
Total cash collections
Accounts receivable at June 30:
From May sales: $500,000 10%
From June sales: $200,000 (70% + 10%)
Total accounts receivable at June 30
Production Budget
Budgeted unit sales
Add: desired units of ending finished goods inventory*
Total needs
Less: units of beginning finished goods inventory
Required production in units

Direct Material Budget

Required production
Units of raw materials per unit
Units of raw materials needed

Add desired ending inventory

Total units of raw materials
Less Beginning Raw Materials Inventory
Units of raw materials to be purchased
Unit Cost
Cost of raw materials
Direct Labor Budget
Required production in units
Direct Labor Per Unit
Total Direct Labor Hour
Rate per Hour
Total cost of Direct Labor Hour
Manufacturing Overhead Budget

Budgeted Direct labor-hours

Variable manufacturing overhead rate
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Less Depreciation
Cash disbursements for MOH
Selling and Administrative Expense Budget
Budgeted units
Variable rate
Variable Selling and admin expense
Fixed Selling and Administrative Expense
Advertising Expense
Salaries
Depreciation

Insurance
Property Taxes
Total Selling and Administrative Expense
Less Depreciation
Cash Disbursement

Cash Budget

Beginning Cash Balance

Total Cash Receipts
Total Cash Available
Less Total Cash Disbursements
Excess (deficiency) of cash available over disbursement
Financing :
Borrowing (Beg of the Quarter )
Repayment (End of the quarter )
Interest
Total Financing
Ending Cash Balance

Budgeted Income Statement

Sales (460 units $1,950 per unit)
Cost of goods sold (460 units $1,575 per unit)
Gross margin
Selling and administrative expenses*
Net operating income
Interest expense
Net income

Budgeted Balance Sheet

Assets
Current assets:
Cash*
Accounts receivable
Supplies inventory
Total current assets
Plant and equipment:
Equipment
Accumulated depreciation
Plant and equipment, net
Total assets
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
Stockholders' equity:
Common stock
Retained earnings (28000+11500-4800)
Total stockholders' equity
Total liabilities and stockholders' equity

Master Budgeting
R. M. Org
For the month of Dec 30, 2015

April
23000
182,000
60,000

May

June

$265,000

26,000
210,000
100,000

$336,000

30,000
350,000
40000
$420,000

April
50,000
7500
57,500
5000
52,500

May
75,000
9000
84,000
7500
76,500

June
90,000
8000
98,000
9000
89,000

Second
90000.00
3.00
270000.00

Third
150000.00
3.00
450000.00

Fourth
100000.00
3.00
300000.00

50,000
160000
$210,000

First
60000.00
3.00
180000.00

54000.00
234000.00
36000.00
198000.00
1.50
297000.00

90000.00
360000.00
54000.00
306000.00
1.50
459000.00

60000.00
510000.00
90000.00
420000.00
1.50
630000.00

42000.00
342000.00
60000.00
282000.00
1.50
423000.00

1st Quarter
8000
0.35
2800
12
33600

2nd Quarter
6500
0.35
2275
12
27300

3rd Quarter
7000
0.35
2450
12
29400

4th Quarter
7500
0.35
2625
12
31500

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

8,000
3.25
26,000
48000
74000
16,000
58,000

8,200
3.25
26,650
48000
74650
16,000
58,650

8,500
3.25
27,625
48000
75625
16,000
59,625

7,800
3.25
25,350
48000
73350
16,000
57,350

15000.00
2.50
37500.00

16000.00
2.50
40000.00

14000.00
2.50
35000.00

13000.00
2.50
32500.00

8000.00
35000.00
20000.00

8000.00
35000.00
20000.00

8000.00
35000.00
20000.00

8000.00
35000.00
20000.00

5000.00
105500
20000.00
$85,500.00

5000.00
8000.00
111000
20000.00
$91,000.00

103000
20000.00
$83,000.00

95500
20000.00
$75,500.00

Ist Quarter
2nd Quarter
3rd Quarter
4th Quarter
20000
10000
35800
25800
180000
330000
210000
230000
200000
340000
245800
255800
260000
230000
220000
240000
-60000.00

110000.00

25800.00

15800.00

-70000
-4200
-74200
35800.00

0
25800.00

0
15800.00

70000

70000
10000.00

$897,000
724500
172,500
139500
33,000
14000
$19,000

eet

$12,200
8,100
3200
$23,500
34,000
-16,000
18,000
$41,500

$1,800
5000
34700
39700
$41,500

Total
23000
208000
300000
450000
40000
$1,021,000

Quarter
215,000
8000
223,000
5000
218,000

Year
400000.00
3.00
1200000.00

42000.00
1242000.00
36000.00
1206000.00
1.50
1809000.00

Year
29000
0.35
10150
12
121800

Year
32,500
3.25
105625
192000
297,625
64,000
233,625

58000.00
2.50
145000.00
32000.00
140000.00
80000.00

10000.00
8000.00
415000
80000
$335,000.00

Year
20000
950000
970000
950000
20000.00
0
70000
-70000
-4200
-4200
15800.00