June: 44,546 units

July: 49,000 units

Selling price unit: 150

June July total

Sales in Units P44,546 P49,000 P93,546
X Selling Price 6,681,900 7,350,000 14,031,900

Production Budget
June July
Budget sales 44,546 49,000
Add. Desired ending 80%x49,000=39,200 80%x 53,900=43,120
inventory
Totals Units needed 83,746 92,120
Less. Beg. Inventory 4,454.6 4,900
Req. Production 79,291.4 87,220,

Raw material
June July total

Req.Production 79,291.4 87,220 166,517.4

Mat is needed unit 4Ibs 4Ibs 4Ibs

Total req. Mat is 317,165.6 348,800 665,965.5

Add.desired E/inv. 20%x348,800=68,760 20%x383,680=76,736

Total mat is needed 386,925.6 425,536 812,461.6

Less in Beg. in 63,433.12 69,760

Mat is Purchased 323,492.48 355,776 679,268.48

X purchased price 5 5 5

Total Purchased 1,617,462.4 1,778,880 3,396,342.4

Payment made 1,617,462.4/

Direct labor Cost

June July Total
Req. Production 7,291.4 87,220 166,551.4
Hours needed unit 2hours 2hours 2 hours
Total hours req. 158,582.8 174,440 333,022.8
Labor rate 40per hour 40 40
Total labor budget cost 6,343,312 6,977,600 13,320,912

Factory overhead Budget

June July Total
Budget hours req. 158,582.8 174,440 333,022.8
X Voh rate P5 per dIh 5

Variable Foh 792,914 872,200 1,665,114

Fixed foh 500,000 500,000 1,000,000

Total FOH cost 1,292,914 1,372,200 2,665,114

Less non cash cost 200,000 200,000 400,000

Cash disbursement foe 1,092,914 1,172,200 2,265,114

FOH

Other Information
Ending cash balance in June 2020 is P500,000
June July Total
Beg.cash balance