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    MAS 5 Short Term

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    Rujean Salar Altejar
    The document shows projected unit sales and budgets for production costs for four quarters (Q1, Q2, Q3, Q4). It projects unit sales under different economic conditions and calculates budgeted production, direct labor costs, factory overhead, and payments to overhead for each quarter. Budgeted unit sales and production are highest in Q2 and lowest in Q3. Budgeted direct labor costs, factory overhead, and payments to overhead are calculated for each quarter based on budgeted production levels and established labor rates and overhead percentages.

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    © All Rights Reserved
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    MAS 5 Short Term

    Uploaded by

    Rujean Salar Altejar
    21 views10 pages
    The document shows projected unit sales and budgets for production costs for four quarters (Q1, Q2, Q3, Q4). It projects unit sales under different economic conditions and calculates budgeted production, direct labor costs, factory overhead, and payments to overhead for each quarter. Budgeted unit sales and production are highest in Q2 and lowest in Q3. Budgeted direct labor costs, factory overhead, and payments to overhead are calculated for each quarter based on budgeted production levels and established labor rates and overhead percentages.

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    MAS 5 short term

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    The document shows projected unit sales and budgets for production costs for four quarters (Q1, Q2, Q3, Q4). It projects unit sales under different economic conditions and calculates budgeted production, direct labor costs, factory overhead, and payments to overhead for each quarter. Budgeted unit sales and production are highest in Q2 and lowest in Q3. Budgeted direct labor costs, factory overhead, and payments to overhead are calculated for each quarter based on budgeted production levels and established labor rates and overhead percentages.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    21 views10 pages

    MAS 5 Short Term

    Uploaded by

    Rujean Salar Altejar
    The document shows projected unit sales and budgets for production costs for four quarters (Q1, Q2, Q3, Q4). It projects unit sales under different economic conditions and calculates budgeted production, direct labor costs, factory overhead, and payments to overhead for each quarter. Budgeted unit sales and production are highest in Q2 and lowest in Q3. Budgeted direct labor costs, factory overhead, and payments to overhead are calculated for each quarter based on budgeted production levels and established labor rates and overhead percentages.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    Projected Units Sold

    Economy Q1 Q2 Q3
    Good 74,000 92,000 80,000
    Fair 50,000 80,000 70,000
    Bad 40,000 50,000 45,000

    SOLUTION (A) (B):


    Projected Units Sold
    Q1 Q2
    Good (projected sales x 40%) 29,600 36,800
    Fair (projected sales x 35%) 17,500 28,000
    Bad (projected sales x 25%) 10,000 12,500
    BUDGETED SALES IN UNITS 57,100 77,300
    x Unit sales price 25 25
    BUDGETED SALES IN PESOS 1,427,500 1,932,500

    Sales of: Credit Sales Q1 Q2


    Q3, 20A 1,920,000 153,600
    Q4, 20A 1,120,000 448,000 89,600
    Q1, 20B 1,427,500 713,750 571,000
    Q2, 20B 1,932,500 966,250
    Q3, 20B 1,693,750
    Q4, 20B 2,182,500
    BUDGETED COLLECTIONS 1,315,350 1,626,850
    Q4 Probability
    102,000 40%
    90,000 35%
    60,000 25%

    Q3 Q4
    32,000 40,800
    24,500 31,500
    11,250 15,000
    67,750 87,300
    25 25
    1,693,750 2,182,500

    Q3 Q4 TOTAL
    153,600
    537,600
    114,200 1,398,950
    773,000 154,600 1,893,850
    846,875 677,500 1,524,375
    1,091,250 1,091,250
    1,734,075 1,923,350 6,599,625
    SOLUTION (A):
    Q1 Q2
    Budgeted sales in units 67,200 87,100
    Add: Finished goods - end 26,130 23,271
    Total goods available for sale 93,330 110,371
    Less: Finished goods - beginning 20,160 26,130
    BUDGETED PRODUCTION 73,170 84,241

    SOLUTION (B) (C) (D):


    Q1 Q2
    Budgeted Production 73,170 84,241
    x Material required per unit (EX-25) 2 2
    RM REQ. FOR PROD. (RM TO BE USED) 146,340 168,482
    Add: Materials inventory - end 36,585 42,121
    Total 182,925 210,603
    Less: Material inventory - beginning 85,000 36,585
    RM PURCHASES BUDGET (IN LBS) 97,925 174,018
    x Material cost per lb 3 3
    RM PURCHASES BUDGET (IN PESOS) 293,775 522,053

    SOLUTION (E):
    Payment at quarter of purchase 60% Trade discount
    Payment at following quarter of purchase 40% Not discounted

    Purchases of Credit purchases Q1


    Q4, 20A 212,500 85,000
    Q1, 20B 293,775 167,452
    Q2, 20B 522,053
    Q3, 20B 456,606
    Q4, 20B 484,682
    BUDGETED PAYMENTS 252,452

    Credit purchases 60%


    Q1, 20B 293,775 176,265
    Q2, 20B 522,053 313,232
    Q3, 20B 456,606 273,964
    Q4, 20B 484,682 290,809
    Q3 Q4 Total
    77,570 78,100 309,970
    23,430 25,500 25,500
    101,000 103,600 335,470
    23,271 23,430 20,160
    77,729 80,170 315,310

    Q3 Q4 Total
    77,729 80,170 315,310
    2 2 2
    155,458 160,340 630,620
    38,865 40,085 40,085
    194,323 200,425 670,705
    42,121 38,865 85,000
    152,202 161,561 585,705
    3 3 3
    456,606 484,682 1,757,115

    5%
    95%

    Q2 Q3 Q4 Total
    85,000
    117,510 284,962
    297,570 208,821 506,391
    260,265 182,642 442,908
    276,268 276,268
    415,080 469,086 458,911 1,595,529

    Discount Paid 1st quarter 40% Total


    8,813 167,452 117,510 293,775
    15,662 297,570 208,821 522,053
    13,698 260,265 182,642 456,606
    14,540 276,268 193,873 484,682
    Finished goods - end = 30% x next quarter's sales
    Q1 Q2 Q3
    Next quarter's sales 87,100 77,570 78,100
    x Maintaining FG inventory 30% 30% 30%
    Finished goods - end 26,130 23,271 23,430

    Finished goods - beginning = the ending of the previous quarter


    Q1 Q2 Q3
    Ending sales in previous quarter 67,200
    x Maintaining FG inventory 30%
    Finished goods - beginning 20,160 26,130 23,271

    Materials inventory - end = 25% x current quarter's needs


    Q1 Q2 Q3
    Current quarter requirements 146,340 168,482 155,458
    x Material inventory percent 25% 25% 25%
    Materials inventory - end 36,585 42,121 38,865
    Q4
    85,000
    30%
    25,500

    uarter
    Q4

    23,430

    eds
    Q4
    160,340
    25%
    40,085
    SOLUTION (A):
    Q1 Q2
    Budgeted Production 75,000 84,000
    x Direct labor hours per unit 0.50 0.50
    Budgeted Direct Labor Hours 37,500 42,000
    x Direct labor rate per hour 30 30
    BUDGETED DIRECT LABOR COST 1,125,000 1,260,000

    SOLUTION (B):
    Q1 Q2
    Budgeted Direct Labor Hours 37,500 42,000
    x Variable Overhead rate per DLH 6 6
    Variable factory overhead 225,000 252,000

    Q1-Q4
    Normal capacity in DLH 37,500
    x Fixed overhead rate per DLH 5
    Fixed factory overhead 187,500

    Q1 Q2
    Variable factory overhead 225,000 252,000
    Add: Fixed factory overhead 187,500 187,500
    BUDGETED FACTORY OVERHEAD 412,500 439,500

    Variable Overhead Q1
    Q4, 2019 84,000 8,400
    Q1, 2020 225,000 202,500
    Q2, 2020 252,000
    Q3, 2020 231,000
    Q4, 2020 240,000
    BUDGETED PAYMENTS TO VOH 210,900

    Cash Fixed Overhead Q1


    Q4, 2019 (70,000 x 70%) 49,000 4,900
    Q1, 2020 (75,000 x 70%) 52,500 47,250
    Q2, 2020 (75,000 x 70%) 52,500
    Q3, 2020 (75,000 x 70%) 52,500
    Q4, 2020 (75,000 x 70%) 52,500
    BUDGETED PAYMENTS TO FOH 52,150
    TOTAL PAYMENTS TO OVERHEAD 263,050

    Q1 Q2
    Direct labor cost 1,125,000 1,260,000
    Total payments to overhead 263,050 301,800
    Budgeted payment to conversion costs 1,388,050 1,561,800
    Q3 Q4 Total
    77,000 80,000 316,000
    0.50 0.50 0.50
    38,500 40,000 158,000
    30 30 30
    1,155,000 1,200,000 4,740,000

    Q3 Q4 Total
    38,500 40,000 158,000
    6 6 6
    231,000 240,000 948,000

    Q3 Q4 Total
    231,000 240,000 948,000
    187,500 187,500 750,000
    418,500 427,500 1,698,000

    Q2 Q3 Q4 TOTAL
    8,400
    22,500 225,000
    226,800 25,200 252,000
    207,900 23,100 231,000
    24,000 24,000
    249,300 233,100 47,100 740,400

    Q2 Q3 Q4 TOTAL
    4,900
    5,250 52,500
    47,250 5,250 52,500
    47,250 5,250 52,500
    47,250 47,250
    52,500 52,500 52,500 209,650
    301,800 285,600 99,600 950,050

    Q3 Q4 TOTAL
    1,155,000 1,200,000 4,740,000
    285,600 99,600 950,050
    1,440,600 1,299,600 5,690,050
    Sales
    Hardware 6,500,000
    Software 2,520,000
    Services 1,530,000 10,550,000
    Less: Costs and expenses
    Cost of hardware sold 3,870,000
    Cost of software sold 1,530,000
    Selling expenses 650,000
    Service costs 750,000
    Administrative costs 1,620,000 8,420,000
    Operating income 2,130,000
    6,500,000 1.375 8,937,500
    2,520,000 1.05 2,646,000
    1,530,000 1.08 1,652,400 13,235,900

    3,870,000 1.05 4,063,500


    1,530,000 1.05 1,606,500
    650,000 1.05 682,500
    750,000 150,000 900,000
    1,620,000 1,620,000 8,872,500
    4,363,400

    Adjusted
    Unit sales 65,000 1.10 71,500
    Selling price 100 1.25 125
    Hardware sales 6,500,000 1.375 8,937,500

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