Wild Corn Dogs

Sales Budget
Days
1 2 3
Estimated Sales in Units 50 65 85
Unit Selling Price 50 50 50
Total Sales ₱2,500.00 ₱3,250.00 ₱4,250.00

Assumptions:
1. The booth expects to sell 50 units on the first day, and make a 30% increase per day.
2. Selling price is fixed at 50

Wild Corn Dogs

Expected Cash Collection
Days
1 2 3
1st Day Sales ₱1,500.00 ₱1,000.00
2nd Day Sales ₱1,950.00 ₱1,300.00
3rd Day Sales ₱4,250.00
Total Cash Collection ₱1,500.00 ₱2,950.00 ₱5,550.00

Assumptions:
1. 60% of the first two days sales is collected in the day the sales took
place, the remaining 40% in the next day
2. 100% of the 3rd day sales is collected on the last day with the remaining
40% of the previous day
Wild Corn Dogs
Production Budget
Days
1 2 3
Planned Sales 50 65 85
Units to be Produced 50 65 85

Assumptions:
1. The number of units to be produced is equal to the number of units sold
since there will be no items left.

Wild Corn Dogs

Materials Budget
Days
1 2
Units to be Produced 50 65
Material Needs per Unit 14 14
Materials Needs For Production 700 910
Unit Price 3 3
Purchase Cost ₱ 2,100.00 ₱ 2,730.00

Assumptions:
1. In producing the product, the material needs are 14 units
2. The estimated unit price is P 3 per unit
The assumptions are based on the number of ingredients per piece and the

Wild Corn Dogs

Expected Cash Disbursements
Days
1 2

1st Day Purchases ₱ 2,100.00

2nd Day Purchases ₱ 2,730.00
3rd Day Purchases
Total Disbursements ₱ 2,100.00 ₱ 2,730.00

Assumptions:
1. The purchases will be paid on the day they are purchased.
Wild Corn Dogs
Factory Overhead Budget
Days
1 2
Budgeted direct labor hours 7 7
Variable overhead rate ₱ 15.00 ₱ 15.00
Variable overhead budget ₱ 105.00 ₱ 105.00
Fixed overhead budget ₱ 150.00 ₱ 150.00
Cash disbursement for overhead ₱ 155.00 ₱ 155.00

Assumptions:
1. The booth will be open for a maximum of 7 hours each day.
2. The variable overhead is P15 per direct labor hour and fixed overhead budget is P150
Wild Corn Dogs
Selling And Administrative Budget
Days
1 2
Expected Sales in Units 50 65
Variable selling and Admin expense per ₱ 10.00 ₱ 10.00
Budgeted Variable Expense ₱ 500.00 ₱ 650.00
Fixed Selling And admin expense ₱ 200.00 ₱ 200.00
Budgeted fixed expenses ₱ 200.00 ₱ 200.00
Total Budgeted Selling and Admin Expe ₱ 700.00 ₱ 850.00

Assumptions:
1. The variable selling and admin expenses is P 10 per unit of expected sales
2. The computed fixed selling and admin expense is P 200
 Wild Corn Dogs
Cash Budget
Days
1 2
Beginning Cash Balance ₱ 3,500.00 ₱ 2,045.00
Add: Collections ₱ 1,500.00 ₱ 2,950.00
Total Cash Available ₱ 5,000.00 ₱ 4,995.00
Less: Disbursements ₱ 2,100.00 ₱ 2,730.00
Factory Overhead ₱ 155.00 ₱ 155.00
Selling And admin expense ₱ 700.00 ₱ 850.00
total disbursements ₱ 2,955.00 ₱ 3,735.00
Cash Surplus ₱ 2,045.00 ₱ 1,260.00

Assumptions:
1. The cash balance on day one is P 3500

Wild Corn Dogs

Budgeted Statement of Comprehensive Income
Total Sales Budget Sales Budget
Less: Variable Expense
Variable selling and admin expenses Selling And admin expense budget
Total Variable expenses
Contribution Margin
Less: Fixed Expenses
Factory overhead Factory overhead budget
Selling and Administrative Selling and Administrative budget
Total Fixed Expenses
Non Operating Income
NET INCOME
 Total

200
50
₱10,000.00

a 30% increase per day.

Total

₱2,500.00
₱3,250.00
₱4,250.00
₱10,000.00

s took

e remaining

Total
 200
200

mber of units sold

ays
3 Total
85 200
14 14
1190 2800
3 3
₱ 3,570.00 ₱ 8,400.00

dients per piece and the estimated costs of each ingredients.

ents
ays
3 Total

₱ 2,100.00
₱ 2,730.00
 ₱ 3,570.00 ₱ 3,570.00
₱ 3,570.00 ₱ 8,400.00

et
ays
3 Total
7 21
₱ 15.00 ₱ 15.00
₱ 105.00 ₱ 315.00
₱ 150.00 ₱ 150.00
₱ 155.00 ₱ 465.00

overhead budget is P150 per day

Budget
ays Total
3
85 200
₱ 10.00 ₱ 10.00
₱ 850.00 ₱ 2,000.00
₱ 200.00 ₱ 600.00
₱ 200.00 ₱ 600.00
₱ 1,050.00 ₱ 2,600.00

xpected sales
ays
3 Total
₱ 1,260.00 ₱ 3,500.00
₱ 5,550.00 ₱ 10,000.00
₱ 6,810.00 ₱ 13,500.00
₱ 3,570.00 ₱ 8,400.00
₱ 155.00 ₱ 465.00
₱ 1,050.00 ₱ 2,600.00
₱ 4,775.00 ₱ 11,465.00
₱ 2,035.00 ₱ 2,035.00

nsive Income
₱ 10,000.00

₱ 2,000.00
₱ 2,000.00
₱ 8,000.00

₱ 150.00
₱ 600.00
₱ 700.00
₱ 7,300.00
₱ 7,300.00