Maderazo, Dheine Louise L.

BSA – A2A
PROBLEM 1 (5 PTS)

Month
Source May June July August
May ₱ 52,500.00 ₱ 81,000.00 ₱ 9,000.00
June 43,750.00 67,500.00 ₱ 7,500.00
July 47,600.00 73,440.00
August 49,700.00
Total Cash Receipts ₱ 52,500.00 ₱ 124,750.00 ₱ 124,100.00 ₱ 130,640.00

ANSWER: ₱ 130,640.00

PROBLEM 2 (10 PTS)

Varney Company
Production Budget
For the Coming Year
Month
March April May Quarter
Sales in Units ₱ 15,000.00 ₱ 20,000.00 ₱ 40,000.00 ₱ 75,000.00
Desired Ending Inventory 6,000.00 12,000.00 18,000.00 18,000.00
Total Needs 21,000.00 32,000.00 58,000.00 93,000.00
Less: Beginning Inventory 5,300.00 6,000.00 12,000.00 5,300.00
Units to be Produced ₱ 15,700.00 ₱ 26,000.00 ₱ 46,000.00 ₱ 87,700.00

Varney Company
Direct Materials Purchases Budget
For the Coming Year
Month
March April
Units to be Produced ₱ 15,700.00 ₱ 26,000.00
Direct Materials per Unit 1.50 1.50
Production Needs 23,550.00 39,000.00
Desired Ending Inventory 7,800.00 13,800.00
Total Needs ₱ 31,350.00 ₱ 52,800.00
Less: Beginning Inventory 10,450.00 7,800.00
Direct Materials to be
Purchased ₱ 20,900.00 ₱ 45,000.00
 Varney Company
Direct Materials Purchases Budget
For the Coming Year
Month
March April
Units to be Produced ₱ 15,700.00 ₱ 26,000.00
Direct Materials per Unit 2.00 2.00
Production Needs 31,400.00 52,000.00
Desired Ending Inventory 10,400.00 13,800.00
Total Needs ₱ 41,800.00 ₱ 65,800.00
Less: Beginning Inventory 10,450.00 10,400.00
Direct Materials to be
Purchased ₱ 31,350.00 ₱ 55,400.00

ANSWERS:

A. P 12,000

B. P 26,000

C. P 7,800

D. P 20,900

E. P 10,400

PROBLEM 3 (10 PTS)

Month
Source January February March
November ₱ 32,000.00 - -
December 60,000.00 19,200.00 -
January 254,800.00 100,000.00 32,000.00
February 203,840.00 80,000.00
March 280,280.00
Total Cash Receipts ₱ 346,800.00 ₱ 323,040.00 ₱ 392,280.00