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    FM - Master Budget

    Uploaded by

    Christine Angeli Arita
    The document contains budgets for sales, production, direct materials, direct labor, and factory overhead for the months of January, February, and March. It provides details of expected sales volumes, prices, production needs, materials requirements, labor hours and costs, and overhead allocations. The master budget consolidates the monthly figures to show total expected sales of $666,500, projected cash collections of $451,750, and production needs of 4.3 million units to meet sales and inventory goals.

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    Download as XLSX, PDF, TXT or read online from Scribd

    FM - Master Budget

    Uploaded by

    Christine Angeli Arita
    44 views5 pages
    The document contains budgets for sales, production, direct materials, direct labor, and factory overhead for the months of January, February, and March. It provides details of expected sales volumes, prices, production needs, materials requirements, labor hours and costs, and overhead allocations. The master budget consolidates the monthly figures to show total expected sales of $666,500, projected cash collections of $451,750, and production needs of 4.3 million units to meet sales and inventory goals.

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    The document contains budgets for sales, production, direct materials, direct labor, and factory overhead for the months of January, February, and March. It provides details of expected sales volumes, prices, production needs, materials requirements, labor hours and costs, and overhead allocations. The master budget consolidates the monthly figures to show total expected sales of $666,500, projected cash collections of $451,750, and production needs of 4.3 million units to meet sales and inventory goals.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views5 pages

    FM - Master Budget

    Uploaded by

    Christine Angeli Arita
    The document contains budgets for sales, production, direct materials, direct labor, and factory overhead for the months of January, February, and March. It provides details of expected sales volumes, prices, production needs, materials requirements, labor hours and costs, and overhead allocations. The master budget consolidates the monthly figures to show total expected sales of $666,500, projected cash collections of $451,750, and production needs of 4.3 million units to meet sales and inventory goals.

    Copyright:

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

    January February
    Expected Sales in Units 1,700,000.00 1,200,000.00
    Price per unit 0.155 0.155
    Total Budgeted Sales 263,500.00 186,000.00

    November December
    Total Budgeted Sales 175,000.00 232,500.00
    Estimated Cash Collections:
    50%
    50%
    Total Cash Collections

    Production Budget
    January February
    Budgets sales volume 1,700,000.00 1,200,000.00
    Desired ending inventory 2,600,000.00 3,400,000.00
    Units available for sale 4,300,000.00 4,600,000.00
    Beginning Inventory 2,900,000.00 2,600,000.00
    Units to be produced 1,400,000.00 2,000,000.00

    Direct Materials Budget


    January February
    Required production volume 1,400,000.00 2,000,000.00
    Materials allowed per unit or productor 0.06 0.06
    Materials needed in production 84,000.00 120,000.00
    Desired ending inventory of materials 4,500,000.00
    Total needs 4,584,000.00 2,000,000.00
    Beginning inventory of materials 3,400,000.00 4,500,000.00
    Direct materials to be purchased 1,184,000.00 - 2,500,000.00
    Unit price of the materials 0.06
    Totals purchases (purchase cost) 71,040.00 -

    Direct Labor Budget


    January February
    Units to be produced 1,400,000.00 2,000,000.00
    Direct Labor hours per unit 0.155 0.155
    Number of hours required 217,000.00 310,000.00
    Direct Labor cost per hour 20.00 20.00
    Total Direct Labor cost 4,340,000.00 6,200,000.00

    Factory Overhead Budget


    January February
    Direct Labor cost per hour 28,000 40,000
    Variable Overhead Rate 10 10
    Budgeted Variable Overhead 280000 400000
    Budgeted Fixed Cost
    March
    1,400,000.00
    0.155 155 1000 0.155
    217,000.00

    January February March


    263,500.00 186,000.00 217,000.00

    116,250.00 131,750.00 93,000.00 the month after the sale


    87,500.00 116,250.00 131,750.00 two months after the sale
    203,750.00 248,000.00 224,750.00

    March Total
    1,400,000.00 4,300,000.00
    4,500,000.00 4,500,000.00
    5,900,000.00 8,800,000.00
    3,400,000.00 2,900,000.00
    2,500,000.00 5,900,000.00

    March Total
    2,500,000.00 5,900,000.00
    0.06 0.06
    150,000.00 354,000.00

    2,500,000.00 5,900,000.00

    2,500,000.00 5,900,000.00

    - -

    March Total
    2,500,000.00 5,900,000.00
    0.155 0.155
    387,500.00 914,500.00
    20.00 20.00
    7,750,000.00 18,290,000.00

    March Total
    50,000 118,000
    10 10
    500000 1180000
    Purchase or Direct Materials Budget
    January February March
    Units to be produced 1,400,000 2,000,000 2,500,000
    Cash Disbursement:
    From December 93,600
    From January 84,000
    From February 120,000
    Total Cash Disbursement 93,600 84,000 120,000

    Direct Labor Budget January February March


    Units to be Produced 1,400,000 2,000,000 2,500,000
    Divide by: 1,000 1,000 1,000
    Total (per thousand fastener) 1400 2000 2500
    Multiply by: 20 20 20
    Total Direct Labor Cost 28000 40000 50000

    Factory Overhead Budget January February March


    Total 1,400 2,000 2,500
    Variable OH Rate 10 10 10
    Budgeted Variable OH 14000 20000 25000
    Budgeted Fixed Cost 0 0 0
    Budgeted Factory OH 14,000 20,000 25,000
    Non-Cash Expenses
    Depreciation 4,167 4,167 4,167
    Cash Payments for the OH 9,833 15,833 20,833
    Master Budget

    Sales Budget January February March Total


    Expected Sales in units 1,700,000 1,200,000 1,400,000 4,300,000
    Price per unit 0.155 0.155 0.155 0.155
    Total Budgeted Sales 263500 186000 217000 666500

    November December January February


    Total Budgeted Sales 175,000 232,500 263,500 186,000
    Estimated cash collections:
    50% 116250 131750
    50% 87500 116250
    Total Cash Collections 203750 248000

    Production Budget January February March Total


    Budgeted sales volume 1,700,000 1,200,000 1,400,000 4,300,000
    Desired ending inventory 2,600,000
    March
    217,000

    93000
    131750
    224750

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