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Production Budget and Financial Overview

The document outlines a comprehensive budget plan for production, including sections for production budget, direct materials costs for wood planks, wood glue, and glass, as well as a cost sheet detailing total costs and product cost per unit. It also includes a proforma statement of comprehensive income and a cash budget for the first quarter, with placeholders for subsequent quarters. Additionally, there are sections for direct labor and manufacturing overhead costs.

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RachelJoyCaswayan
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20 views8 pages

Production Budget and Financial Overview

The document outlines a comprehensive budget plan for production, including sections for production budget, direct materials costs for wood planks, wood glue, and glass, as well as a cost sheet detailing total costs and product cost per unit. It also includes a proforma statement of comprehensive income and a cash budget for the first quarter, with placeholders for subsequent quarters. Additionally, there are sections for direct labor and manufacturing overhead costs.

Uploaded by

RachelJoyCaswayan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Student Name:

Student Number:

PRODUCTION BUDGET (10 pts)


1st Quarter
Ending Inventory
Units Sold
Units needed for Production
Beginning Inventory
Units to be Produced

DIRECT MATERIALS - Wood Planks (10 pts)


1st Quarter
Ending Inventory
Materials to be issued to production
Total units available for production
Beginning Inventory
Materials to be purchased
x cost
Wood Plank Cost

DIRECT MATERIALS - Wood glue (10 pts)


1st Quarter
Ending Inventory
Materials to be issued to production
Total units available for production
Beginning Inventory
Materials to be purchased
x cost
Wood Glue Cost

DIRECT MATERIALS - Glass (10 pts)


1st Quarter
Ending Inventory
Materials to be issued to production
Total units available for production
Beginning Inventory
Materials to be purchased
x cost
Wood Glue Cost
COST SHEET (5 pts)
TOTAL COST
Direct Materials
Direct Labor
Manufacturing Overhead
Total manufacturing cost
Total units to be produced
Product cost per unit

PROFORMA STATEMENT OF COMPREHENSIVE INC

1st Quarter
Sales
Cost of Goods Sold
Gross Profit
Operating Expense:
Commission Expense
Depreciation Expense
Janitorial and Security Expense
Put addittional expense if any
Operating Profit

CASH BUDGET (15 pts)

1st Quarter
Beginning Cash Balance
+Collections
- Disbursements
Ending Cash Balance

** You may draft your own collection and disbursement table.


2nd Quarter 3rd Quarter 4th Quarter

2nd Quarter 3rd Quarter 4th Quarter

2nd Quarter 3rd Quarter 4th Quarter

2nd Quarter 3rd Quarter 4th Quarter


Round off to 2 decimal places

TEMENT OF COMPREHENSIVE INCOME (30 pts)

2nd Quarter 3rd Quarter 4th Quarter TOTAL

2nd Quarter 3rd Quarter 4th Quarter TOTAL

ursement table.
DIRECT LABOR (5 pts)
1st Quarter 2nd Quarter
Units to be produced
Standard hour
Total direct labor hours
Standard rate per hour
Direct labor payroll

MANUFACTURING OVERHEAD (5 pts)


1st Quarter 2nd Quarter
Units to be produced
VMOH/U
Total VMOH Cost
Total FMOH Cost
Total MOH Cost
3rd Quarter 4th Quarter

3rd Quarter 4th Quarter

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