Professional Documents
Culture Documents
Jan Feb Mar Total Units Value Units Value Units Value Units 10,000 20,000 6,000 12,000 4,000 8,000 20,000 16,500 5,000 20,000 51,500 33,000 10,000 40,000 103,000 9,000 2,500 10,000 27,500 18,000 5,000 20,000 55,000 4,500 2,500 10,000 21,000 9,000 5,000 20,000 42,000 30,000 10,000 40,000 100,000
Market Research Co. share Sale forecast (Market Res) Sale Force Average Region % New England Middle Atlantic Southern States 20 50 30 Units 1,100 2,750 1,650 5,500
Printer Type writter 25,000 90,000 20% 10% 5,000 9,000 6,000 8,000 5,500 8,500 Printer Rate Type Writer Amount % Units 1,800 1,980,000 25 2,125 1,800 1,800 4,950,000 2,970,000 9,900,000 50 25 4,250 2,125 8,500
Sales price
Type Writer Rate Amount 500 1,062,500 500 500 2,125,000 1,062,500 4,250,000
Production Budget Particulars 1. Units to be sold (Sales budget) 2. Add: Desired Ending Finished goods
Total Finished goods available for sale
SALES BUDGET: Product Tribolite Polycal Powder X Units Rate Amount 80,000 1.50 120,000 40,000 2.00 80,000 100,000 0.80 80,000 Total Sales 280,000
Production Budget: Tribolite 80,000 6,000 86,000 (5,000) 81,000 Product Polycal Powder X 40,000 100,000 2,000 8,000 42,000 108,000 (4,000) (10,000) 38,000 98,000
Nos. of units to be sold Add: Desired Ending FG Total units required Less: Expected Opening FG Production
Direct material usage budget: Product Tribolite Polycal Powder X Total Direct material usage budget DIRECT MATERIAL PURCHASE BUDGET:
Raw material A B 81,000 162,000 76,000 98,000 157,000 260,000 Raw material A B 157,000 260,000 12,000 15,000 169,000 275,000 (10,000) (12,000) 159,000 263,000 0.20 0.10 31,800 26,300
Material used during production Add: Dersired ending Raw material Total requirement of raw material Less; Expected opening raw material Purchase Budget (in units) Purchase price per unit Purchase budget ( in amount)
DIRECT LABOR BUDGET: Tribolite Nos. of hours used in production for 1,000 units Per unit hour consumption Nos. of units to be produce Total hour consumed Rate of Direct labor per hour Direct labor budget (in amount) 50.00 0.050 81,000
Factory overhead budget Product Total Tribolite Polycal Powder X Cost 81,000 38,000 98,000 0.050 0.125 0.013
Nos. of units to be produced Per unit hour consumption Total hour consumed
4,050 4,750 1,225 hours hours hours 6 24,300 Total Factory overhead 6 28,500 6 7,350 60,150 40,000 100,150
Variable cost per hour Total Variable cost Total fixed cost
Manfacturing cost Budget: 1 Direct material used: Material A (157,000 kgs x $ 0.20) Material B (260,000 kgs x $ 0.10) Direct material used 2 Direct labor used:
3 Factory overhead Variable factory overhead 60,150 Fixed factory overhead 40,000 Total Factory overhead Maufacturing cost budget
100,150 237,750
Sales Budget Product A B C Unit to be Sold 20,000 50,000 30,000 Selling Price 55 50 80 Total Total Revenue 1,100,000 2,500,000 2,400,000 6,000,000
Production Budget Particulars 1. Units to be sold (Sales budget) 2. Add: Desired Ending Finished goods Total Finished goods required 3. Less: Expected Opening Finished goods Units to be Produced
30 -
150,000 216,000
100,000 100,000
150,000 150,000
DIRECT MATERIAL PURCHASE BUDGET: Raw material Material used during production Add: Dersired ending Raw material Total requirement of raw material Less; Expected opening raw material Purchase Budget (in units) Purchase price per unit Purchase budget ( in amount) 110 216,000 25,000 241,000 (21,000) 220,000 3.00 660,000 50 184,000 23,000 207,000 (17,000) 190,000 2.00 380,000
40 110,000
120,000 230,000
Manufacturing Cost Budget: 1 Direct material used: Plastic (3,500 kgs x $2) Paint (2,000 lts x $6) 2 Direct Labor used: Plastic moulder Painter
19,000
(2,000 hours x $6.20) 12,400 (1,200 hours x $ 6.0) 7,200 Direct labor used PRIME COST
19,600 38,600
3 Factory overhead: a. Fixed Factory overhead: Depreciation - Building 500 Depreciation - Equipment 800 Supervision 3,200 Insurance 220 Total Fixed FOH b. Variable Factory overhead: Indirect labor (3,200 hrs x 0.250) Indirect supplies (100,000 units x 0.004) General Factory (3,200 hrs x 0.050) Total variable FOH