Beginning

Content of each product unit

Given sch.3

Data
Direct materials
Red Oak
Granite
Direct labor

each product unit

Red oak(board foot)
Granite(square foot)
Direct labor(hour)

Expected sales in unit

Selling Price
Target ending inventory in unit
Beginning inventory in unit
Beginning inventory in dollar

Beginning inventory (b.f.)

Target ending inventory (sq.ft.)

Beginning Inventory
Target Ending Inventory

Schedule 1 : Revenues Budg

for the year ending December 31
Casual

Deluxe
Total

Schedule 3A: Direct Material Usage Budget in Qu

for the year ending December 31,

Physcal Units Budget

Direct materials required for Casual tables
Direct materials required for Deluxe tables
Total quantityof direct materials to be used

Cost Budget
Available from beginning DM inventory
(under a FIFO cost-flow assumption)
Red oak
Granite
To be purchased and used this period
Red oak
Granite
Direct materials to be used this period

Schedule 5: Manufacturing Overhead Co

for the year ending December 31,
Manufacturing Operations Overhead
Variable Costs
Supplies
Indirect Manufacturing Labor
Power
Maintenance
Fixed Costs
Depreciations

Supervisions
Power
Maintenance
Total Manufacturing operations overhead costs

Machine Setup Overhead Cost

Variable Costs
Supplies
Indirect manufacturing labor
Power
Fixed Costs
Depreciations
Supervisions
Power
Total Machine Setup Overhead Cost
Total Manufacturing Overhead Cost

Schedule 7: Cost of Goods Sold Bu

for the year ending December 31,
Beginning finished goods inventory, Jan. 1,2014
Direct materials used
Direct manufacturing labor
Manufacturung overhead
Cost goods manufactured
Cost goods available for sale
Deduct ending finished goods inventory, Dec. 31,2014
Cost of goods sold

Budgeted Income Statement for Stylisti

for the year ending December 31,
Revenues
Cost Of Goods Sold
Gross Margin
Operating costs
Product design costs
Marketing Costs
Distribution Costs
Operating Income

$
$
$

7 per board foot (b.f.)

10 per square foot (sq. ft.)
20 per hour
Product
Casual granite table

Deluxe granite table

12
6
4

12
8
6

Product
Casual granite table
50000
600 $
11000
1000
384,000 $

Deluxe granite table

10000
800
500
500
262,000

Direct Materials
Red oak

Granite
70000

60000

80000

20000
Direct Materials
Red Oak

y
ory

70000
80000

Schedule 1 : Revenues Budget

the year ending December 31, 2014
Units

Selling price
50000 $

600

10000 $

800

rect Material Usage Budget in Quantity and Dollars

or the year ending December 31, 2014
Material
Red oak
Granite
720000
120000
840000

360000
80000
440000

Material
Red oak

Granite

490,000
$

$
$

600,000

5,390,000
5,880,000

$
$

3,800,000
4,400,000

ule 5: Manufacturing Overhead Costs Budget

or the year ending December 31, 2014
nufacturing Operations Overhead Costs

$
$
$

1500000
1,680,000
2,100,000
1,200,000

1,020,000

$
$
$

390,000
630,000
480,000

$
$
$

390,000
840,000
90,000

Machine Setup Overhead Costs

chedule 7: Cost of Goods Sold Budget

or the year ending December 31, 2014
Given
Sch. 3A
Sch. 4
Sch. 5

$
$
$

603,000
1,050,000
27,000

$
$
$

10,280,000
6,000,000
12,000,000

Sch. 6B

ted Income Statement for Stylistic Furniture

or the year ending December 31, 2014
Sch 1
Sch 7

Sch 8

1,024,000.00

Sch 8
Sch 8

$
$

3,800,000.00
3,876,000.00

Given sch.5

rect Materials
Granite
60000
20000

Total Revenues
30,000,000

$
$

8,000,000
38,000,000

Total

Total

10,280,000

6,480,000

$
$

2,520,000
9,000,000

1,320,000

$
$
$

1,680,000
3,000,000
12,000,000

646,000

$
$
$
$

28,280,000
28,926,000
4,486,000
24,440,000

$
$
$

38,000,000
24,440,000
13,560,000

Nama
Kelas
No. Absen
$
$

8,700,000.00
4,860,000.00

:
:
:

iven sch.5
Quantity of Tables to be produced (tables)
Number of tables to be produced per batch (table/batch)
Number of batches (batches)
Setup time per batch (hours/batch)
Total setup hours (hours)
Setup-hours per table (hour)
MOH
Labor Hours
Supplies
Indirect Manufacturing Labor
Power
Maintenance
Depreciation
Supervision
Power (Fixed Cost)
Maintenance (Fixed Cost)

Cubic Feet of tables moved (Cubic feet)

Casual
18
commisions

Nonmanufacturing cost
Business function
Product design
Marketing
Distribution

Schedule 2 : Production Budget (in U

for the year ending December 31, 2

Budgeted unit sales (Sch. 1)

Add target ending finished goods inventory
Total required units
Deduct beginning finished goods inventory
Units of finished goods to be produced

Schedule 3B: Direct Material Purchases B

for the year ending December 31, 20

Physcal Units Budget

To be used in production (from schedule 3A)
Add terget inventory
Total requirements
Deduct beginning inventory
Purchases to be made
Cost Budget
Red oak
Granite
Direct materials to be purchased this period

Schedule 4: Direct M
for the year en

Casual
Deluxe
Total

Schedule 6A: U
Goods Inven

Red oak
Granite
Direct manufacturing labor
Manufactuing operatons overhead

Machine setup overhead

Total

Schedule 6B: Ending Inventories B

Direct materials
Red oak
Granite
Finished goods
Casual
Deluxe
Total ending inventory

Schedule 8: Nonmanufacturing Costs Bu

for the year ending December 31, 20
Business Function
Product design
Marketing
Distribution

Widya Sari Hutabarat

3-F
38

Casual Table
60000
50
1200
10
12000
0.2

Deluxe Table
10000
40
250
12
3000
0.3

Manufacturing
$
$
$
$
$
$
$
$

300000
5.00
5.60
7.00
4.00
1,020,000.00
390,000.00
630,000.00
480,000.00

Deluxe
24
6.50%

Variable cost
6,5% from revenue
$

Fixed Cost
0 $
$
2.00 $

1,024,000.00
1,330,000.00
1,596,000.00

Schedule 2 : Production Budget (in Units)

for the year ending December 31, 2014
Product
Casual

s (Sch. 1)
goods inventory
units
goods inventory
o be produced

50000
11000
61000
1000
60000

Schedule 3B: Direct Material Purchases Budget

for the year ending December 31, 2014
Material
Red oak

Granite

840000
80000
920000
70000
850000
$
$

440000
20000
460000
60000
400000

5,950,000
$
5,950,000 $

4,000,000
4,000,000

Schedule 4: Direct Manufacturing Labor Cost Budget

for the year ending December 31, 2014
Output Units Produced
(Schedule 2)

Direct Manufacturing
Labor-Hours per unit
60000
10000

4
6

Schedule 6A: Unit Costs of Ending Finished

Goods Inventory December 31, 2014
Product
Casual Tables
Input per Unit
of Output

Cost per Unit

$
$
$
$

7
10
20
30

12
6
4
4

200

0.2

Schedule 6B: Ending Inventories Budget December 31, 2014

Quantity

Cost per Unit

80000 $
20000 $

7
10

11000 $
500 $

384
524

Schedule 8: Nonmanufacturing Costs Budget

for the year ending December 31, 2014
Variable Costs
0 $
$
2,470,000.00 $
$
2,280,000.00 $
$
4,750,000.00 $

Fixed Costs
1,024,000.00
1,330,000.00
1,596,000.00
3,950,000.00

Total

15000

Setup Capacity
15000
26.00
56.00
6.00

$
$
$

$
$
$

603,000.00
1,050,000.00
27,000.00

Product
Deluxe

10000
500
10500
500
10000

Total

9,950,000

r Cost Budget
1, 2014
Hourly
Wage Rate

Total Hours
240000 $
60000 $
300000

20 $
20 $
$

Total
4,800,000
1,200,000
6,000,000

Finished
2014
Product
Casual Tables
Total
$
$
$
$

84
60
80
120

Deluxe Tables
Input per Unit
of Output
12 $
8 $
6 $
6 $

Total
84
80
120
180

$
$

40
384

0.3 $
$

, 2014
Total
$
$

560,000
200,000

$
$

4,224,000
262,000

$
$
$
$

Total Cost
1,024,000.00
3,800,000.00
3,876,000.00
8,700,000.00

760,000

$
$

4,486,000
5,246,000

60
524