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Master Budget Exercise, Schemes and Mind Maps of Law

Law

Master Budget Sample Exercise.

Typology: Schemes and Mind Maps

2022/2023

Uploaded on 07/13/2024

gleidelle-soriano
gleidelle-soriano 🇯🇵

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Sales Forecast
Quarter
1st 2nd 3rd
Estimated Sales 12,250 14,900 10,000
Price per unit ₱ 990.00 ₱ 990.00 ₱ 990.00
Total Sales ₱ 12,127,500.00 ₱ 14,751,000.00 ₱ 9,900,000.00
Cash Collections 1st 2nd 3rd
1st ₱ 9,702,000.00 ₱ 2,425,500.00
2nd ₱ 11,800,800.00 ₱ 2,950,200.00
3rd ₱ 7,920,000.00
4th
Total Collections ₱ 9,702,000.00 ₱ 14,226,300.00 ₱ 10,870,200.00
Production Budget 1st 2nd 3rd
Units to be sold 12,250 14,900 10,000
Add: Desired EI 2,235 1,500 2,475
Total 14,485 16,400 12,475
Less: BI - 2,235 1,500
Units to be produced 14,485 14,165 10,975
Administrative Expense Budget 1st 2nd 3rd
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Sales Forecast Quarter 1st 2nd 3rd Estimated Sales 12,250 14,900 10, Price per unit ₱ 990.00 ₱ 990.00 ₱ 990. Total Sales ₱ 12,127,500.00 ₱ 14,751,000.00 ₱ 9,900,000. Cash Collections 1st 2nd 3rd 1st ₱ 9,702,000.00 ₱ 2,425,500. 2nd ₱ 11,800,800.00 ₱ 2,950,200. 3rd ₱ 7,920,000. 4th Total Collections ₱ 9,702,000.00 ₱ 14,226,300.00 ₱ 10,870,200. Production Budget 1st 2nd 3rd Units to be sold 12,250 14,900 10, Add: Desired EI 2,235 1,500 2, Total 14,485 16,400 12, Less: BI - 2,235 1, Units to be produced 14,485 14,165 10, Administrative Expense Budget 1st^ 2nd^ 3rd

4th

Department 1 1st 2nd 3rd Units to be produced 14,485 14,165 10, DLH required 2 2 2 Total hours required per unit 28,970 28,330 21, DL cost per unit ₱ 40.00 ₱ 40.00 ₱ 40. Budgeted DL Costs Dept. 1 ₱ 1,158,800.00 ₱ 1,133,200.00 ₱ 878,000. Department 2 1st 2nd 3rd Units to be produced 14,485 14,165 10, DLH required 4 4 4 Total hours required per unit 57,940 56,660 43, DL cost per unit ₱ 55.00 ₱ 55.00 ₱ 55. Budgeted DL Costs Dept. 2 ₱ 3,186,700.00 ₱ 3,116,300.00 ₱ 2,414,500. TOTAL BUDGETED DL COSTS ₱ 4,345,500.00 ₱ 4,249,500.00 ₱ 3,292,500. Cash Manufacturing Overhead Budget 1st 2nd 3rd 1st ₱ 378,400.00 ₱ 94,600. 2nd ₱ 385,968.00 ₱ 96,492. 3rd ₱ 393,687. 4th 2Y 1st

Total ₱ 378,400.00 ₱ 480,568.00 ₱ 490,179. Indirect Labor ₱ 35,000. Insurance ₱ 28,000. Repairs and Mainte ₱ 70,000. Utilities ₱ 210,000. Cafeteria ₱ 130,000. Total OH ₱ 473,000.00 ₱ 482,460.00 ₱ 492,109. Capital Expenditures Land Building Furn & Fix Cost ₱ 3,000,000.00 ₱ 18,000,000.00 ₱ 1,500,000. Salvage Value ₱ 500,000.00 ₱ 50,000. Useful life 20 8 Depreciation per year ₱ 875,000.00 ₱ 181,250. Factory Related/year ₱ 612,500.00 ₱ 45,312. Non-Factory Related/year ₱ 262,500.00 ₱ 135,937. Factory Related per quarter ₱ 153,125.00 ₱ 11,328. Non-Factory Related per quarter ₱ 65,625.00 ₱ 33,984. Cost of Sales 1st 2nd 3rd Beg WIP ₱ - Manufacturing Costs Direct Materials

Balance Sheet 1st^ 2nd^ 3rd Assets

4th Total

4th 2Y 1st 16,125 10, 2 2 32,250 20, ₱ 40.00 ₱ 40.00 ₱ 4,345,500. ₱ 1,290,000.00 ₱ 826,640. 4th 2Y 1st 16,125 10, 4 4 64,500 41, ₱ 55.00 ₱ 55. ₱ 3,547,500.00 ₱ 2,273,260. ₱ 4,837,500.00 ₱ 3,099,900. 4th 2Y 1st Total ₱ 473,000. ₱ 482,460. ₱ 98,421.84 ₱ 492,109. ₱ 401,561.11 ₱ 100,390.28 ₱ 501,951. ₱ 409,592.

Equipment Total

Sales Forecast 1st Quarter Estimated Sales 14, Price per unit ₱ 990. Total ₱ 13,860,000. Cash Collections 1st Quarter 1st year 4th quarter ₱ 3,267,000. 1st quarter ₱ 11,088,000. Total ₱ 14,355,000.