Profit Budget (in Pounds)

ONE-ONE LTD. Jan-20 Feb-20 Mar-20

Sales 78,400 58,800 49,000
Cost (46,400) (34,800) (29,000)
Gross Profit 32,000 24,000 20,000
Expenses
Rent + Electricity 7,400 9,000 8,400
Employee Salaries 6,000 3,600 4,800
Delivery 7,840 5,880 4,900
Total Expenses (21,240) (18,480) (18,100)
Profit 10,760 5,520 1,900

Cash Budget (in Pounds)

ONE-ONE LTD. Jan-20 Feb-20 Mar-20
Cash Inflows
Cash Sales 35,280 26,460 22,050
Credit Sales 43,120 32,340
Total Cash Inflows 35,280 69,580 54,390

Cash Outflows
Variable Cost 46,400 34,800
Rent + Electricity 7,400 9,000 8,400
Employee Salaries 6,000 3,600 4,800
Delivery 7,840 5,880 4,900
Total Cash Outflows (21,240) (64,880) (52,900)

Net Cash Flows 14,040 4,700 1,490

Opening Balance 11,800 25,840 30,540
Closing Balance 25,840 30,540 32,030
 Jan - March 2020 Profit Jan - March 2020
ONE-ONE LTD. Budget Profit ACTUAL
Sales 186,200 199,000
Cost (110,200) (117,700)
Gross Profit 76,000 81,300
Expenses
Rent+Electricity 24,800
Employee Salaries 14,400 (46,000)
Delivery 18,620
Total Expenses (57,820)
Profit 18,180 35,300

Jan - March 2020 Cash Jan - March 2020 Cash

ONE-ONE LTD. Budget ACTUAL
Cash Inflows
Cash Sales 83,790
170,197
Credit Sales 75,460
Total Cash Inflows 159,250

Cash Outflows
Variable Cost 81,200
Rent + Electricity 24,800
(152,600)
Employee Salaries 14,400
Delivery 18,620
Total Cash Outflows (139,020)

Net Cash Flows 20,230 17,597

Opening Balance - 1 Jan 2020 11,800 11,800
Closing Balance - 31 Mar 2020 32,030 29,397
VARIANCE
12,800 F
7,500 A

11,820 F
17,120 F

VARIANCE

10,947 F

13,580 A

2,633 A

2,633 A