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    Sales Budget in Units and in Pesos

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    Jeson Malinao
    This document contains an operating budget for Encantadia Corporation for July. It includes budgets for sales, production, raw materials purchases, direct labor costs, factory overhead, cash collections, cash disbursements, and cash. Key figures include projected July sales of ₱7,350,000, materials purchases of ₱1,079,568, direct labor costs of ₱4,233,600, factory overhead of ₱829,200, cash receipts of ₱7,796,128, cash payments of ₱6,233,564.80, and an ending cash balance of ₱2,062,563.20. The budget covers production levels

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    Sales Budget in Units and in Pesos

    Uploaded by

    Jeson Malinao
    220 views4 pages
    This document contains an operating budget for Encantadia Corporation for July. It includes budgets for sales, production, raw materials purchases, direct labor costs, factory overhead, cash collections, cash disbursements, and cash. Key figures include projected July sales of ₱7,350,000, materials purchases of ₱1,079,568, direct labor costs of ₱4,233,600, factory overhead of ₱829,200, cash receipts of ₱7,796,128, cash payments of ₱6,233,564.80, and an ending cash balance of ₱2,062,563.20. The budget covers production levels

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    GADOR_FINAL-PROJECT_FIN413

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    This document contains an operating budget for Encantadia Corporation for July. It includes budgets for sales, production, raw materials purchases, direct labor costs, factory overhead, cash collections, cash disbursements, and cash. Key figures include projected July sales of ₱7,350,000, materials purchases of ₱1,079,568, direct labor costs of ₱4,233,600, factory overhead of ₱829,200, cash receipts of ₱7,796,128, cash payments of ₱6,233,564.80, and an ending cash balance of ₱2,062,563.20. The budget covers production levels

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    220 views4 pages

    Sales Budget in Units and in Pesos

    Uploaded by

    Jeson Malinao
    This document contains an operating budget for Encantadia Corporation for July. It includes budgets for sales, production, raw materials purchases, direct labor costs, factory overhead, cash collections, cash disbursements, and cash. Key figures include projected July sales of ₱7,350,000, materials purchases of ₱1,079,568, direct labor costs of ₱4,233,600, factory overhead of ₱829,200, cash receipts of ₱7,796,128, cash payments of ₱6,233,564.80, and an ending cash balance of ₱2,062,563.20. The budget covers production levels

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    October 13, 2020

    Jackie Lou C. Gador

    Fin413

    Operating Budget ENCANTADIA CORPORATION

    1. Sales Budget in units and in pesos

    JUNE JULY AUGUST

    Sales in units 44,546 49,000 53,900

    Budgeted Price x 150 x 150_ x 150__

    Sales in Pesos 6,681,900 7,530,000 8,085,000

    2. Production Budget

    JULY AUGUST SEPTEMBER

    Sales in units 49,000 53,900 59,290

    Add: Desired Ending Inventory

    (August sales x .80) 43,120 47,432

    Total units needed 92,120 101,332

    Less: Beginning Inventory

    (49,000 x.80) 39,200 43,120

    Units to be produced 52,920 58,212

    3. Raw materials Purchase Budget in units and pesos

    JULY AUGUST

    Units to be produced 52,920 58,212

    * lbs. of materials required per unit 4 lbs. 4 lbs._

    Pounds of materials required 211,680 232.848

    For production
    Add: Desired Ending Inventory 66,569.60______

    Total Material Needed 278,249.60

    Less: Beginning Inventory 62,336____

    Materials to be purchased (in lbs.) 215,913.60

    X 5.00 5_____

    Total Material to be purchased (in pesos) ₱1,079,568

    4. Direct labor Cost Budget


    JULY

    Units to be produced 52,920

    X 2hrs. DL hour per unit x 2__

    Direct labor Hours Required 105,840

    X ₱ 40 per hour x 40___

    Budgeted Direct Labor (pesos) ₱ 4,233,600

    5. Factory Overhead Budget

    JULY

    Budgeted direct labor hours 105,840

    (from direct labor budget)

    X variable FOH rate ₱5___

    Variable overhead cost 529,200

    Fixed overhead cost 500,000

    Total Overhead cost 1,029,200

    Less:

    Depreciation on non-cash asset 200,000__

    Total cash payments for mfg.-overhead 829,200


    6. Cash Collections Budget

    Month of sale Total cash sales Credit Sales

    June 6,681,900 1,336,380 4,000,000

    July 7,350,000 1,470,000 5,880,000

    Month Cash Collected

    July August September Total

    4,000,000

    55% 1,267,728

    45% 1,058,400 3,528,000 _________________

    6,326,128

    + 1,470,000

    7,793,128

    JULY

    Budgeted Material Purchases 1,079,568

    Cash payment, current month (60%) 647,740.80

    Cash payment, previous month (40%) 600,000___

    Total cash payments for material ₱1,247,740.80

    Purchases

    Budgeted Direct Labor 4,233,600 June labor costs

    Cash payment, current month(80%) 3,386,880 96,218

    Cash payment, previous month (20%) 769,744 x 40_

    4,156,624 3,848,720

    X .20__
    769,744

    7. Cash Disbursements Budget

    JULY

    Total Cash payments for Material purchases 1,247,740.80

    Budgeted direct labor (pesos) 4,156,624

    Cash payment for mfg. overhead 829,200____

    Total Cash Payments 6,233,564.80

    8. Cash Budget

    JULY

    Beginning Cash Balance 500,000

    Add: Cash Receipts 7,796,128

    Cash Available 8,296,128

    Less: cash payments 6,233,564.80

    Budgeted Ending Cash Balance 2,062,563.20

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