Yosemite Ltd Technical competency on Team works

Prepared for
Mr. Bereket Redda

Prepared by Team
Catherine L Dong – Team Leader, ID: 109212
Ngoc Minh Trang Nguyen – Notetaker, ID: 125473
Son Tung Nguyen – Timekeeper, ID: 126525

Date: 15 May 2017

 YOSEMITE Ltd
Sales Budget
For the month April 2017

Sales Budgets Premium De Luxe

Units 740 390

Product Units Price

Premium 740 $1,020
De Luxe 390 $1,600
Total sales budget in revenue

*Sales Budget = Units*Price per Unit

TE Ltd
dget
April 2017

Total sales budget in unit

1130

Total Sales Budget

$754,800
$624,000
$1,378,800
 YOSEMITE Ltd
Production Budget in Unit
For the month April 2017

Description Premium De Luxe

Budgeted Sales Units 740 390
Target Ending Inventory 30 15
Opening Inventory 20 5
Budgeted Production in Units 750 400

*Budgeted Production=Budgeted Sales in Units+Target Ending

it
7

Total

1150

Units+Target Ending Inventory-Opening Inventory

 YOSEMITE Ltd
Direct Material Usage Budg
For the month April 2017

Premium Mirror
Budgeted Production in Units 750
Direct Material required per unit (m²) 2
Cost per m² $160
Direct Material Cost per Unit $320
Direct Material Usage in m² 1500
Estimated Direct Materials Usage in $ $240,000
Less: Change in March inventory cost -
Direct Materials Usage in $ $240,000

De Luxe Mirror
Budgeted Production In Units 400
Direct Material required per unit (m²) 0
Cost per m² $160
Direct Material Cost per Unit 0
Direct Material Usage in m² 0
Estimated Direct Materials Usage in $ 0
Less: Change in March inventory cost -
Direct Materials Usage in $ 0

*Direct Material Usage in Units=Budgeted Production*DM requ

*Change in March inventory cost = Opening DM inventory*(Ap
SEMITE Ltd
terial Usage Budget
month April 2017

Softwood Hardwood Balsa Wood Total

750 750 750 750
1 4 1
$125 $12 $24
$125 $48 $24 $517
750 3000 750
$93,750 $36,000 $18,000
- - $32
$93,750 $36,000 $17,968 $387,718

Softwood Hardwood Balsa Wood Total

400 400 400 400
5 1 4
$125 $12 $24
$625 $12 $96 $733
2000 400 1600
$250,000 $4,800 $38,400
- - $320
$250,000 $4,800 $38,080 $292,880

Production*DM required per Unit

ng DM inventory*(April unit cost - March unit cost)
 YOSEMITE Ltd
Direct Materials Purchases Budg
For the month April 2017

Premium Mirror
Direct Material Usage in m² 1500
Budgeted Ending DM Inventory 24
Opening DM Inventory 40
Budgeted DM Purchases (m²) 1484
Cost per m² $160
Budgeted DM Purchases in $ $237,440

De Luxe Mirror
Direct Material Usage in m² 0
Budgeted Ending DM Inventory 0
Opening DM Inventory 0
Budgeted DM Purchases (m²) 0
Cost per m² $160
Budgeted DM Purchases in $ $0

*Budgeted Direct Material Purchases=Direct Material Usage in

OSEMITE Ltd
aterials Purchases Budget
the month April 2017

Softwood Hardwood Balsa Wood Total

750 3000 750
6 80 4
10 100 4
746 2980 750
$125 $12 $24
$93,250 $35,760 $18,000 $384,450

Softwood Hardwood Balsa Wood Total

2000 400 1600
40 4 44
30 5 40
2010 399 1604
$125 $12 $24
$251,250 $4,788 $38,496 $294,534

es=Direct Material Usage in Units+Budgeted Ending DM Inventory-Opening DM Inventory

DM Inventory
 YOSEMITE Ltd
Direct Manufacturing Labour Budget
For the month April 2017

Direct Labour Budget

Budgeted Production
Direct Labour Hours per Unit
Budgeted Direct manufacturing Labour Hours
Manufacturing Labour Cost per hour
Manufacturing Labour Cost per Unit
Budgeted DIrect manufacturing Labour Cost
TE Ltd
ng Labour Budget
h April 2017

Premium De Luxe Total

750 400 1150
3 5
2250 2000 4250
$30 $30
$90 $150
$67,500 $60,000 $127,500
 YOSEMITE Ltd
Manufacturing Overhead Budget
For the month April 2017

Description Premium
Budget Production in Units 750
Direct Labour Hours (DLH) per Unit 3
Budgeted DLH 2250
Variable manufacturing O/H allocated to all products $78,750
Variable manufacturing O/H cost allocated per unit $105
Fixed manufacturing O/H cost allocated to all products $22,500
Total manufacturing overhead cost $101,250
Manufacturing overhead cost per unit $135

*Budgeted variable manufacturing O/H rate per DLH $35

*Budgeted fixed manufacturing O/H rate per DLH $10
*Total overhead cost = Fix manufacturing O/H cost + Total variable manufacturing O
et

De Luxe Total
400 1150
5
2000 4250
$70,000 $148,750
$175
$20,000 $42,500
$90,000 $191,250
$225

ariable manufacturing O/H cost

 YOSEMITE Ltd
Ending Inventory Budget
For the month April 2017

Premium Mirror
Opening Direct Material Inventory 40
Cost per m² $160
Opening Direct Material Inventory in $ $6,400
Direct Material Purchases $237,440
Direct Material Usage Cost $240,000
Ending Direct Material Inventory $3,840
De Luxe
Opening Direct Material Inventory 0
Cost per m² $160
Opening Direct Material Inventory in $ 0
Direct Material Purchases 0
Direct Material Usage Cost 0
Ending Direct Material Inventory 0

*Ending Direct Material Inventory = Opening DM Inventory + DM

Finished Good Inventory Premium

Direct Material Usage Cost $387,718
Direct Labour Cost $67,500
Manufacturing Overhead Cost $101,250
Cost of Goods Manufactured $556,468

Cost of Goods Manufactured = Direct Material Usage Cost + D

Description Premium
Cost per Unit:
Add: Direct Material Cost $517
Add: Direct Labour Cost $90
Add: Manufacturing Overhead Cost $135
Total cost per unit $742
Ending finished goods units 30
x Total cost per unit $742
Ending finished goods Inventory $22,260
SEMITE Ltd
Inventory Budget
month April 2017

Softwood Hardwood Balsa Wood Total

10 100 4
$125 $12 $16
$1,250 $1,200 $64 $8,914
$93,250 $35,760 $18,000 $384,450
$93,750 $36,000 $17,968 $387,718
$750 $960 $96 $5,646

30 5 40
$125 $12 $16
$3,750 $60 $640 $4,450
$251,250 $4,788 $38,496 $294,534
$250,000 $4,800 $38,080 $292,880
$5,000 $48 $1,056 $6,104

ng DM Inventory + DM purchases - DM Usage

De Luxe Total
$292,880 $680,598
$60,000 $127,500
$90,000 $191,250
$442,880 $999,348

erial Usage Cost + Direct Labour Cost + Manufacturing Overhead Cost

De Luxe Total

$733
$150
$225 $0
$1,108
 15
$1,108
$16,620 $38,880
 YOSEMITE Ltd
Cost of Goods Sold Budget
For the month April 2017

Description Premium
Opening finished goods Inventory $10,840
Cost of goods manufactured $556,468
Ending finished goods Inventory $22,260
Cost of goods sold $545,048

*Cost of goods sold = Opening finished goods inventory + cos

E Ltd
old Budget
pril 2017

De Luxe Total
$4,850 $15,690
$442,880 $999,348
$16,620 $38,880
$431,110 $1,053,918

d goods inventory + cost of goods manufactured - ending finished goods inventory

s inventory