PREPARE THE MASTER BUDGET

PT. WIJAYA produces clothes for the RAPI and PANTES brands. These items are
sold in the SURABAYA and GRESIK areas. The materials used are cloth, yarn, and
screen printing paint. The production plan for the needs of goods is prepared as
follows:
1. The sales plan for the RAPI brand clothes in the city of SURABAYA is 15,000
units and in the city of GRESIK 8000 units, while the PANTES brand plans
to sell 30,000 units in the city of SURABAYA and 15,000 units in the city of
GRESIK. The price of each clothes brand RAPI Rp. 17.500 and the PANTES
brand Rp. 10,000
2. Material Stock
Explanation Beginning Price Ending Price
Inventory Inventory

Cloth 600 Bal Rp. 1500 2000 Bal Rp. 1500

Yarn 3000 Rol Rp. 750 4000 Roll Rp. 750

screen printing paint 3000 Galon Rp. 500 4000 Galon Rp. 500

Finished product RAPI 200 unit Rp. 11.000 500 unit Rp. 13.000

Finished product Pantes 500 unit Rp. 8000 400 unit Rp. 9000

Inventory valuation using FIFO

3. Material requirements for each unit of goods produced (Standard Usage Rate
/ SUR) RAPI brand requires Fabric = 1, Yarn = 2 The PANTES brand
requires yarn = 2 and Paint = 2
4. Estimated cost of fabric material = Rp. 1500, Yarn Rp. 750 and Paint Rp.
500
5. Estimated cost of work per unit
Explanation Rapi Brand Pantes brand

Cutting Dept Rp. 4000 Rp. 3000

Finishing Dept Rp. 5000 Rp. 3000

6. The overhead budget that has been made shows the overhead rate per unit
Explanation Merk RAPI Merk PANTES

Cutting Dept Rp. 2000 Rp. 1000

Finishing Dept Rp. 1750 Rp. 750

7. Costs
Distribution of Rp. 50,000,000 (including non-cash fee of Rp. 10,000,000)
 Administration Rp. 30,000,000 (including non-cash fees of IDR 5,000,000).
The excess of other costs over other income is Rp. 2,825,000. average
income tax rate 30%
8. The initial balance of retained earnings is Rp. 110,000,000
9. Dividends are planned to be paid during the next year Rp. 30,000,000
10. Cash receipts plan
 Cash Sales Rp. 475,000,000
 Receipt of receivables Rp. 225,000,000
 Other income Rp. 175,000
 Loans from banks Rp. 10,000,000
 Sales of treasury shares Rp. 15,000,000
11. Cash disbursement plan
 Debt (assume all materials were purchased on credit Rp. 105,000,000
additional capital Rp. 40,000,000
 Actual things that are deferred (considered that there is no unpaid
salary of Rp. 15,000,000 c. Other costs - other Rp. 3,000,000
 Estimated income tax payment throughout the year Rp. 23,932,500
 Payment of long-term notes Rp. 50,000,000
12.Initial cash balance Rp. 360,000,000
13.Non-cash costs in the overhead budget of Rp. 10,380,000

Requested: Make the following budget using the information above:

1. Sales budget by product and region
2. Production budget by product
3. Direct materials budget in units by materials and products
4. Purchase budget by material
5. Budget cost of raw materials
6. Schedule of beginning and ending inventory
7. Direct labor budget by product and department
8. Summary of overhead costs assigned by product and department
9. Summary of cost of production and sales
10. Summary of profit and loss
11. Summary statement of planned retained earnings
12. Summary of cash plan