1 2 3 4

1500 1700 1900 2100

50 50 50 50
75000 85000 95000 105000

1 2 3 4
1500 1700 1900 2100
Add:ending 680 760 840 920
2180 2460 2740 3020
Less:Opening 300 680 760 840
1880 1780 1980 2180

1 2 3 4
1880 1780 1980 2180
8 8 8 8
15040 14240 15840 17440
Add:Ending Inventory 4272 4752 5232 5712
Total Direct Materials Needed 19312 18992 21072 23152
Less :opening Balance 2400 4272 4752 5232
Budgeted Purchase Of direct materials 16912 14720 16320 17920

1 2 3 4
1880 1780 1980 2180
Direct Labor Hours Per unit 0.4 0.4 0.4 0.4
Hours Needed for production 752 712 792 872
Direct Labor Cost 16 16 16 16
Bidgeted Labor Cost 12032 11392 12672 13952

1 2 3 4
1880 1780 1980 2180
Variable OH cost per tire 2 2 2 2
Budgeted VOH 3760 3560 3960 4360
Budgeted FOH
Depriciation 4500 4500 4500 4500
Admn. Expenses 26780 26780 26780 26780
Total Budgeted FOH 31280 31280 31280 31280

Budgeted Manufacturing overheads 35040 34840 35240 35640

Direct Labor Hours 752 712 792 872

Budgeted Manufacturing overhead costs
Predetermined Overhead allocation rate
 1 2 3 4
Salaries 8000 8000 8000 8000
Rent 1800 1800 1800 1800
Insurance 1200 1200 1200 1200
Depriciation 500 500 500 500
Supplies 1500 1700 1900 2100
Total Budgeted Seeling & Admn. Expenses 13000 13200 13400 13600

Cash Receipt From Customer

1 2 3 4
Total Sales 75000 85000 95000 105000

Cash Receipt form Customer

Account receivable dec 31,2016 40000
1st Qtr-Cash 22500
1st Qtr-Credit 31500
1st Qtr-Credit 21000
2nd Qtr.-cash 25500
2nd Qtr.-credit 35700
2nd Qtr.-credit 23800
3rd Qtr.-cash 28500
3rd Qtr.-credit 39900
3rd Qtr.-credit 26600
4th Qtr-cash 31500
4th Qtr-credit 44100
94000 82200 92200 102200

1 2 3 4
16912 14720 16320 17920

Account Payable dec 31,2016 8000

1st Qtr 11838.4
1st Qtr 5073.6
2nd Qtr 10304
2nd Qtr 4416
3rd Qtr. 11424
3rd Qtr. 4896
4th Qtr 12544
19838.4 15377.6 15840 17440

Total Labor Payments 12032 11392 12672 13952

Manufacturing Overheads
Variable Overheads 3760 3560 3960 4360
Admn. Expenses 26780 26780 26780 26780
 30540 30340 30740 31140

Selling And Admn. Expenses

Salaries 8000 8000 8000 8000
Rent 1800 1800 1800 1800
Insurance 1200 1200 1200 1200
Supplies 1500 1700 1900 2100
12500 12700 12900 13100

Income Taxes 3500 3500 3500 3500

Capital Expenditure 45000 0 0 0

Total Cash Payments Before Interest 123410.4 73309.6 75652 79132

Cash Budget
1 2 3 4
Opening Balance $ 39,000 $ 35,590 $ 35,090 $ 35,383
Cash Receipt $ 94,000 $ 82,200 $ 92,200 $ 102,200
Cash Available $ 133,000 $ 117,790 $ 127,290 $ 137,583

Less:Cash Payments
Capital Expenditure $ 45,000 $ - $ - $ -
Direct Materials $ 19,838 $ 15,378 $ 15,840 $ 17,440
Direct Labor $ 12,032 $ 11,392 $ 12,672 $ 13,952
Manufacturing Overheads $ 30,540 $ 30,340 $ 30,740 $ 31,140
Selling & Admn. Expenses $ 12,500 $ 12,700 $ 12,900 $ 13,100
Income Taxes $ 3,500 $ 3,500 $ 3,500 $ 3,500
Interest Expense $ 390 $ 255 $ 15
Total Cash Payments $ 123,410 $ 73,700 $ 75,907 $ 79,147

Ending Cash Balance $ 9,590 $ 44,090 $ 51,383 $ 58,436

Minimum Cash Balance Desired $ (35,000) $ (35,000) $ (35,000) $ (35,000)
Projected Cash excess(Deficiency) $ (25,410) $ 9,090 $ 16,383 $ 23,436

Financing:
Borrowing $ 26,000
Repayment $ (9,000) $ (16,000) $ (1,000)

Total Effects of Financing $ 26,000 $ (9,000) $ (16,000) $ (1,000)

Ending Cash Balance $ 35,590 $ 35,090 $ 35,383 $ 57,436

Note:
A)Interest On Loan of $26000 for 3 months = $26000 * 6% *3/12=$390
B)You Repay 9,000 . Interest 3 rd Qtr =$17,000 * 6% *3/12=$255
C)Then repay 16,000 . Interest 4th qtr = $1000 * 6% * 3/12 =$15
Total 1
7200 2300
50
360000

Total 1 2
7200 2300 2500
920 1000
8120 3300
300 920
7820 2380

Total 1
7820 2380
8 8
62560 19040
5712
68272
2400
65872

Total
7820
0.4
3128
16
50048

Total
7820
2
15640

18000
107120
125120

140760

3128
140760
45
Total
32000
7200
4800
2000
7200
53200

Total
360000

40000
22500
31500
21000
25500
35700
23800
28500
39900
26600
31500
44100
370600

Total
65872

8000
11838.4
5073.6
10304
4416
11424
4896
12544
68496

50048

15640
107120
 122760

32000
7200
4800
7200
51200

14000

45000

351504

Total
$ 39,000
$ 370,600
$ 409,600

$ 45,000
$ 68,496
$ 50,048
$ 122,760
$ 51,200
$ 14,000
$ 660
$ 352,164

$ 57,436
$ (35,000)

$ 57,436