Company A

Balance Sheet
December 31, Year 10

Selling price:

Assets
Current Assets:

Factory Building Amortization Table

Cash
Accounts Receivable
Inventories:
Finished Goods
Raw Materials

62460
228000

Prepaid Expenses
Total Current Assets

27000

Property, Plant, and Equipment:

Factory Building
Machinery
Less Accumulated Depreciation
Total Assets

Payment

44800
16236

378496

430000
240000
-72000

Liabilities
Current Liabilities:
Accounts Payable
Mortgage Payable

41996
216906

Stockholders' Equity
Common Stock, $1 par value
Retained Earnings

200000
517594

Total Liabilities and Stockholders' Equity

Total Stockholders' Equity

100

598000
976496

Interest

Principal

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

258902
NOTE: There are some self check numbers provided. The check
numbers are in comment boxes marked

717594

976496

NOTE: Check figures have been inserted in some of the following schedules as comments. Having your results identical to the check figure does
not guarantee that the rest of your schedule is correct; but, if your results are different than a check figure, it does indicate an error
in your schedule and a high probability that ensuing schedules will not all be correct.
Company A
Sales Budget
For the Quarter Ended March 31, Year 11
January

February

March

Quarter

Sales in units
Selling price
Revenue From Sales

Company A
Fan Production Budget
For the Quarter Ended March 31, Year 11
January
Expected units to be sold
Plus desired ending inventory
Less beginning inventory
Total Units to Be Produced

February

March

Quarter

Sales
November
December
January
February
March
April
May

Company A
Raw Materials Budget--Motor Purchases
For the Quarter Ended March 31, Year 11
January
Expected fans to be produced
Plus target ending inventory motors
Less beginning inventory motors
Total motors to be purchased
Unit price
Total Costs

14

February

14

March

14

Quarter

14

Company A
Raw Materials Budget--Fan Blades
For the Quarter Ended March 31, Year 11
January
Expected fans to be produced
Blades per fan
Total blades for production
Target ending Inventory blades
Less beginning inventory blades
Total good blades needed
Spoilage allowance
Total blades to cut
Blades per sheet
Raw material sheets needed
Unit price
Total Cost for Blade Materials

February

March

Quarter

Company A
Direct Labor Budget
For the Quarter Ended March 31, Year 11

January
Cutting machine hours per fan
Assembly/packing hours per fan
Total production hours per fan
Expected units to be produced
Total production hours required
Direct labor cost per production hour
Total Direct Labor Cost

February

March

Quarter

Company A
Factory Overhead Budget--Projections
For the Quarter Ended March 31, Year 11
January
Variable Overhead:
Utilities
Factory maintenance
Total Variable Overhead
Fixed Overhead:
Janitorial services
Production supervisor
Insurance
Depreciation expense
Mortgage interest
Total Overhead
NOTE:

February

March

Quarter