Master Budget (P9-57A)

Student Name:

SALES BUDGET:
Jan Feb Mar Quarter
Budgeted unit sales
Selling price per unit
Total Sales

SCHEDULE OF EXPECTED CASH COLLECTIONS:

Jan Feb Mar Quarter
Cash sales
Credit sales
Total Cash Collections

PRODUCTION BUDGET:
Jan Feb Mar Quarter
Budgeted unit sales
Add desired ending inventory
Total needs
Less beginning inventory
Units to produce

DIRECT MATERIALS BUDGET:

Jan Feb Mar Quarter
Units to be produced
Multiply by: Quantity of DM needed per unit
Quantity of DM needed for production
Plus: Desired ending inventory of DM
Total quantity of DM needed
Less beginning inventory of DM
Quantity of DM to purchase
Multiply by: Cost per pound
Total cost of DM purchases

CASH PAYMENTS FOR DM PURCHASES:

Jan Feb Mar Quarter
Accounts payable
Januray purchases
February purchases
March purchases
Total cash payments
CASH PAYMENTS FOR DIRECT LABOR:
Jan Feb Mar Quarter
Direct labor

CASH PAYMENTS FOR MANUFACTURING OVERHEAD

Jan Feb Mar Quarter
Variable manufacturing overhead costs
Rent (fixed)
Other MOH (fixed)
Total cash payments

CASH PAYMENTS FOR OPERATING EXPENSES

Jan Feb Mar Quarter
Variable operating expenses
Fixed operating expenses
Total cash payments

CASH BUDGET
FOR THE THREE MONTHS ENDING March 31
Jan Feb Mar Quarter
Cash balance, beginning
Add collections from customers
Total cash available

Less cash payments

DM purchases
Direct labor
MOH costs
Operating Expenses
Tax Payment
Equipment purchases
Total Disbursements

Ending cash balance before financing

Financing:
Borrowings
Repayments (enter as a neg. number)
Interest payments (enter as a neg. number)
Total financing

Cash balance, ending

BUDGETED MANUFACTURING COST PER UNIT

Direct materials cost per unit
Direct labor cost per unit
Variable manufacturing costs per unit
Fixed manufacturing overhead per unit 0.80
Cost of manufacturing each unit

Martin Manufacturing
BUDGETED INCOME STATEMENT
FOR THE THREE MONTHS ENDED March 31

Sales
Less COGS:
Gross profit
Less expenses:
Operating Expenses
Depreciation
Operating Income
Interest Expense
Income tax expense
Net income

GRADING IS SHOWN TO THE RIGHT--->

 GRADING:

CASH COLLECTIONS BUDGET:

Correct/Incorre Points
Cell Ref ct Awarded
D14 INCORRECT 0
D15 INCORRECT 0
D16 INCORRECT 0
E14 INCORRECT 0
E15 INCORRECT 0
E16 INCORRECT 0
F14 INCORRECT 0
F15 INCORRECT 0
F16 INCORRECT 0
G16 INCORRECT 0
TOTAL 0

PRODUCTION BUDGET:
D23 INCORRECT 0
Apr D24 INCORRECT 0
D25 INCORRECT 0
E23 INCORRECT 0
E24 INCORRECT 0
E25 INCORRECT 0
F23 INCORRECT 0
F24 INCORRECT 0
F25 INCORRECT 0
Apr G25 INCORRECT 0
TOTAL 0

DM BUDGET:
D33 INCORRECT 0
D35 INCORRECT 0
D37 INCORRECT 0
E33 INCORRECT 0
E35 INCORRECT 0
E37 INCORRECT 0
F33 INCORRECT 0
F35 INCORRECT 0
F37 INCORRECT 0
G37 INCORRECT 0
TOTAL 0

CASH PAYMENT FOR DM PURCHASES

D46 INCORRECT 0
E46 INCORRECT 0
F46 INCORRECT 0
G46 INCORRECT 0
TOTAL 0

CASH PAYMENT FOR DIRECT LABOR

D51 INCORRECT 0
E51 INCORRECT 0
F51 INCORRECT 0
G51 INCORRECT 0
TOTAL 0

CASH PAYMENT FOR MOH

D60 INCORRECT 0
E60 INCORRECT 0
F60 INCORRECT 0
G60 INCORRECT 0
TOTAL 0

CASH PAYMENT FOR OPERATING EXPENSES

D67 INCORRECT 0
E67 INCORRECT 0
F67 INCORRECT 0
G67 INCORRECT 0
TOTAL 0

CASH BUDGET
D75 INCORRECT 0
D84 INCORRECT 0
D91 INCORRECT 0
D93 INCORRECT 0
E75 INCORRECT 0
E84 INCORRECT 0
E91 INCORRECT 0
E93 INCORRECT 0
F75 INCORRECT 0
F84 INCORRECT 0
F91 INCORRECT 0
F93 INCORRECT 0
G75 INCORRECT 0
G84 INCORRECT 0
G91 INCORRECT 0
G93 INCORRECT 0
TOTAL 0

MANUFACTURING COST PER UNIT

D98 INCORRECT 0
D99 INCORRECT 0
D100 INCORRECT 0
D101 CORRECT 2
D102 INCORRECT 0
TOTAL 2

INCOME STATEMENT
F108 INCORRECT 0
F109 INCORRECT 0
F110 INCORRECT 0

F112 INCORRECT 0
F113 INCORRECT 0
F114 INCORRECT 0
F115 INCORRECT 0
F116 INCORRECT 0
F117 INCORRECT 0
TOTAL 0

GRAND T 2