April May June Quarter 1 Product

Budgeted
sales (units) 20,000 50,000 30,000 100,000 Budget Sales ( units )
Selling price
per unit $ 10 $ 10 $ 10 $ 10 Selling price
Total
Revenue $ 200,000 $ 500,000 $ 300,000 $ 1,000,000 Total Revenue

2
 X Y Daerah Y P Q

10000 4000 Budget Sales ( units ) 30000 10000

Rp 11,000 Rp 7,000 Selling price Rp 12,000 Rp 8,000

Rp 110,000,000 Rp 28,000,000 Total Revenue Rp 360,000,000 Rp 80,000,000

Daerah X P Q

Budget Sales ( units ) 10000 Rp 4,000

Selling price Rp 12,000 Rp 8,000

Total Revenue Rp 120,000,000 Rp 32,000,000

 April May June July
Sales in units 20,000 50,000 30,000 25,000 Sale in units
Add: desired
ending
inventory 10,000 6,000 5,000 3,000 desire ending inventory
Total needed 30,000 56,000 35,000 28,000 Total needed
Less: begin-
ning inventory 4,000 10,000 6,000 5,000 Beginning inventory
Production in
units 26,000 46,000 29,000 23,000 Product in units

May sales (sales budget) 50,000

Percent of inventory desired 20%
Desired ending inventory 10,000
X Y
10000 4000

300 200
10300 4200

-200 -400
10500 4600
 April May June Quarter

Production in units 26,000 46,000 29,000 101,000

Materials per unit 5 5 5 5

Production needs 130,000 230,000 145,000 505,000

Add: desired ending
inventory 23,000 14,500 11,500 11,500
Total needed 153,000 244,500 156,500 516,500

Less: beginning inventory 13,000 23,000 14,500 13,000

Materials to be purchased 140,000 221,500 142,000 503,500
 A B C
Production in units 40000 40000 40000

Materials per unit 1 1 1

Production needs 40000 40000 40000

Add: desired ending
inventory 1000 2000 2000

Total needed 41000 42000 42000

Less: beginning inventory 500 2000 2000

Materials to be purchased 40500 40000 40000

 April May June Quarter
Production in units 26,000 46,000 29,000 101,000
Direct labor hours 0.10 0.10 0.10 0.10
Labor hours required 2,600 4,600 2,900### 10,100
Guaranteed labor
hours 3,000 3,000 3,000
Labor hours paid 3,000 4,600 3,000 10,600
Wage rate $ 8 $ 8 $ 8 $ 8
total direct labot cost $ 24,000 $ 36,800 $ 24,000 $ 84,800
Production in units
Direct labor hours
Labor hours required
Guaranteed labor
hours
Labor hours paid
Wage rate
total direct labot cost
 April May June Quarter
Production in units 26,000 46,000 29,000 101,000
Variable mfg. OH rate $ 1 $ 1 $ 1 $ 1
Variable mfg. OH costs $ 26,000 $ 46,000 $ 29,000 $ 101,000
Fixed mfg. OH costs 50,000 50,000 50,000 150,000
Total mfg. OH costs $ 76,000 $ 96,000 $ 79,000 $ 251,000
Less: noncash costs 20,000 20,000 20,000 60,000
Cash disbursements for
manufacturing OH $ 56,000 $ 76,000 $ 59,000 $ 191,000

Indirect Labor $ 17,500 $ 26,500 $ 17,900 $ 61,900

Indirect Material $ 7,000 $ 12,600 $ 8,600 $ 28,200
Utilities $ 4,200 $ 8,400 $ 5,200 $ 17,800
Rent $ 13,300 $ 13,300 $ 13,300 $ 39,900
Insurance $ 5,800 $ 5,800 $ 5,800 $ 17,400
Maintenance $ 8,200 $ 9,400 $ 8,200 $ 25,800
sum' $ 56,000 $ 76,000 $ 59,000 $ 191,000
Production costs per unit Quantity Cost Total
Direct materials 5.00 lbs. $ 0.40 $ 2.00
Direct labor 0.05 hrs. $ 10.00 $ 0.50
Manufacturing overhead 0.05 hrs. $ 49.70 $ 2.49
$ 4.99
Budgeted finished goods inventory
Ending inventory in units 3,000
Unit product cost $ 4.99
Ending finished goods inventory $ 14,970
 April May June Quarter
Sales in units 20,000 50,000 30,000 100,000
Variable selling
and admin. rate $ 0.50 $ 0.50 $ 0.50 $ 0.50
Variable expense $ 10,000 $ 25,000 $ 15,000 $ 50,000
Fixed selling and
admin. expense 70,000 70,000 70,000 210,000
Total expense 80,000 95,000 85,000 260,000
Less: noncash
expenses 10,000 10,000 10,000 30,000
Cash disburse-
ments for selling &
admin. $ 70,000 $ 85,000 $ 75,000 $ 230,000
 April May June Quarter
Accounts rec. - March 31 $ 30,000 $ 30,000
April sales
70% x $200,000 140,000 140,000
25% x $200,000 $ 50,000 50,000
May sales
70% x $500,000 350,000 350,000
25% x $500,000 $ 125,000 125,000
June sales
70% x $300,000 210,000 210,000
Total cash collections $ 400,000 $ 335,000 $ 905,000

April May June Quarter

Accounts pay. March 31 $ 12,000 $ 12,000
April purchases
50% x $56000 28,000 28,000
50% x $56000 $ 28,000 28,000
May purchases e
50% x $88,600 44,300
50% x $88600 $ 44,300 44,300
June purchases
50% x $56,800 28,400 28,400
Total cash payments for
materials $ 40,000 $ 28,000 $ 72,700 $ 185,000

April May June Quarter

Beginning cash balance $ 40,000 $ 30,000 $ 30,000 $ 40,000
Add: cash collections 170,000 400,000 325,000 905,000
Total cash available 210,000 430,000 355,000 945,000
Less: disbursements
Materials 40,000 72,300 72,700 185,000
Direct labor 24,000 23,000 15,000 62,000
Mfg. overhead 56,000 76,000 59,000 191,000
Selling and admin. 70,000 85,000 75,000 230,000
Equipment purchase - 143,700 48,300 192,000
Dividends 25,000 - - 25,000
215,000 400,000 270,000 885,000
Excess (deficiency) of
Cash available over
disbursements (5,000) 30,000 85,000 60,000
 April May June Quarter
Accounts pay. March 31 $ 12,000 $ 12,000
April purchases
50% x $56000 28,000 28,000
50% x $56000 $ 28,000 28,000
May purchases
50% x $88,600 44,300 44,300
50% x $88600 $ 44,300 44,300
June purchases
50% x $56,800 28,400 28,400
Total cash payments for
materials $ 40,000 $ 72,300 $ 72,700 $ 185,000
 April May June Quarter
Beginning cash balance $ 40,000 $ 30,000 $ 30,000 $ 40,000
Add: cash collections 170,000 400,000 325,000 905,000
Total cash available 210,000 430,000 355,000 945,000
Less: disbursements
Materials 40,000 72,300 72,700 185,000
Direct labor 24,000 23,000 15,000 62,000
Mfg. overhead 56,000 76,000 59,000 191,000
Selling and admin. 70,000 85,000 75,000 230,000
Equipment purchase - 143,700 48,300 192,000
Dividends 25,000 - - 25,000
215,000 400,000 270,000 885,000
Excess (deficiency) of
Cash available over
disbursements (5,000) 30,000 85,000 60,000
 April May June Quarter
Excess (deficiency) of
Cash available over
disbursements $ (5,000) $ 16,200 $ 86,000 $ 37,200
Financing:
Borrowing 35,000 13,800 48,800
Repayments - - (48,800) (48,800)
Interest - - (838) (838)
Total financing 35,000 13,800 (49,638) (838)
Ending cash balance $ 30,000 $ 30,000 $ 36,362 $ 36,362
 April May June Quarter
Direct material:
Beg.material inventory $ 5,200 $ 9,200 $ 5,800 $ 5,200
Add: Materials purchases 56,000 88,600 56,800 201,400
Material available for use 61,200 97,800 62,600 206,600
Deduct: End. material inventory 9,200 5,800 4,600 4,600
Direct material used 52,000 92,000 58,000 202,000
Direct labor 24,000 36,800 24,000 84,800
Manufacturing overhead 56,000 76,000 59,000 191,000
Total manufacturing costs 132,000 204,800 141,000 477,800
Add: Beg. Work-in-process inventory 3,800 16,200 9,400 3,800
Subtotal 135,800 221,000 150,400 481,600
Deduct: End.Work-in-process inventory 16,200 9,400 17,000 17,000
Cost of goods manufactured $ 119,600 $ 211,600 $ 133,400 $ 464,600

Add: Beg. finished-goods inventory 18,400 46,000 27,600 18,400

Cost of goods available for sale 138,000 257,600 161,000 483,000
Deduct: End. finished-goods inventory 46,000 27,600 23,000 23,000
Cost of goods sold $ 92,000 $ 230,000 $ 138,000 $ 460,000
 Breakers, Inc. #REF!
Budgeted Income Statement
For the Three Months Ended June 30

Revenue (100,000 × $10) $ 1,000,000

Cost of goods sold 460,000
Gross margin 540,000
Operating expenses:
Selling and admin. expenses $ 260,000
Interest expense 838
Total operating expenses 260,838
Net income $ 279,162