EXERCISES 7.

6
SALES BUDGET

SALES BUDGETED
(*) SALE PRICE
TOTAL
TOTAL SEMESTER
TOTAL ANNUAL

I SEMESTER
D
Di
Z
D
10000 uni
6000 uni
5000 uni
5000 uni
$ 200.00
$ 100.00
$ 150.00
$ 220.00
$ 2,000,000
$ 600,000
$ 750,000 $ 1,100,000
$ 3,350,000
$ 5,680,000

II SEMESTER

PRODUCTION BUDGET

SALES BUDGETED
(+) INV FINAL
(-) INV INITIAL
PRODUCTION

D
10000 uni
10000 uni
-10000 uni
10000 uni

I SEMESTER
Di
6000 uni
5000 uni
-5000 uni
6000 uni

PRODUCTION ANNUAL

II SEMESTER
Z
5000 uni
5000 uni
-5000 uni
5000 uni

D
5000 uni
7000 uni
-10000 uni
2000 uni

D
12000 uni

ANNUAL
Di
8000 uni

BUDGET OF RAW MATERIAL REQUIREMENT

D
Di
Z
TOTAL
COST
TOTAL

Mat A
150000 uni
78000 uni
50000 uni
278000 uni
$ 2.00
$ 556,000

I SEMESTER
Mat B
60000 uni
42000 uni
30000 uni
132000 uni
$ 2.70
$ 356,400

Mat C
90000 uni
24000 uni
25000 uni
139000 uni
$ 4.00
$ 556,000

MATERIALS PURCHASE BUDGET

MATERIAL REQUIREMENT
FINAL INVENTORY WANTED

Mat A
278000 uni
10000

I SEMESTER
Mat B
132000 uni
15000

Mat C
139000 uni
5000

NEC TO BUY
INITIAL INVENTORY
TOTAL TO BUY
COST PER KG
COST OF PROCUREMENT

288000 uni
-10000
278000 uni
$ 2.00
$ 556,000

147000 uni
-15000
132000 uni
$ 2.70
$ 356,400

144000 uni
-5000
139000 uni
$ 4.00
$ 556,000

LABOR BUDGET
D
10000 uni
3 hrs
30000 hrs
$ 10.00
$ 300,000

REQUIREMENT FOR PRODUCTION

HRS REQUIRED BY PRODUCT
TOTAL HOURS
COST PER HOUR
COST OF MOD
TOTAL ANNUAL

I SEMESTER
DI
6000 uni
1 hrs
6000 hrs
$ 10.00
$ 60,000

Z
5000 uni
2 hrs
10000 hrs
$ 10.00
$ 100,000

OVERHEAD BUDGET PRODUCTION

DEPRECIATION
INSURANCE
MAINTENANCE
ENERGY
VARIUOS
TOTAL
RATE OF APPLICATION =

GIF
TOTAL HRS MOD

RATE OF APPLICATION =

$ 232,000
58000 hrs

RATE OF APPLICATION =

$ 4.00

$ 100,000
$ 5,000
$ 65,000
$ 52,000
$ 10,000
$ 232,000

BUDGET AND ADMINISTRATIVE EXPENSES

DEPRECIATION
SALARIES AND WAGES
COMMISSIONS
VARIUOS
INTEREST ON OBLIGATIONS
TOTAL

COMMISSION=

5%

SALES BUDGETED

$ 10,000
$ 200,000
$ 284,000
$ 13,000
$ 30,000
$ 537,000

COMMISSION=

$ 284,000

INVENTORY FINAL BUDGET

RAW MATERIAL A
RAW MATERIAL B
RAW MATERIAL C
MOD
GIF
TOTAL

COST UNIT
D
$ 31.50
$ 18.00
$ 39.60
$ 33.00
$ 12.00
$ 134.10

COST UNIT
Di
$ 27.30
$ 21.00
$ 17.60
$ 11.00
$ 4.00
$ 80.90

BUDGET RAW MATERIAL INVENTORY AND FINISHED PRODUCTS

INV FINAL
RAW MATERIAL A
RAW MATERIAL B
RAW MATERIAL C
D
Di
Z
TOTAL

8000
4000
3000
7000
3000
2000

COST UNIT INV FINAL EN

DLARES
$ 2.10
$ 16,800
$ 3.00
$ 12,000
$ 4.40
$ 13,200
$ 134.10
$ 938,700
$ 80.90
$ 242,700
$ 91.00
$ 182,000
$ 1,405,400

BUDGET COST OF SALES

RAW MATERIAL REQUIRED
(+) MOD
(+) GIF
(=) COST OF PRODUCTION
(+) INV. ART. ORIGINAL ENDING
(=) ENDED ART. AVAILABLE
(-) ART. FINAL INVENTORY TERM.
(=) COST OF SALES BUDGETED

I SEMESTER
$ 1,468,400
$ 460,000
$ 116,000
$ 2,044,400

II SEMESTER
$ 432,000
$ 132,000
$ 116,000
$ 680,000

STATEMENT BUDGETED
Laboratorios Regionales S.A
TO DECEMBER 31, 2002
SALES
(-) COST OF SALES
(=) GROSS PROFIT
(-) OPERATING EXPENSES

$ 5,680,000
$ (1,511,000.00)
$ 4,169,000
$ (537,000)

(=) OPERATING INCOME

(-) 15% JOB SHARING
(=) TAXABLE
(-) 22% INCOME TAX
(=) NET INCOME

$ 3,632,000
$ (544,800)
$ 3,087,200
$ (679,184.00)
$ 2,408,016.00

STATEMENT OF CASH FLOW BUDGETED

Laboratorios Regionales S.A
TO DECEMBER 31, 2002
OPENING BALANCE
(+) INFLOW
CHARGED SALES (90%9
SALES LAST YEAR
TOTAL ENTRANCES
(=) AVAILABLE
(-) OUT OF CASH
PAYMENT MACHINE
CTS. PAYMENT PAYABLE SUPPLIER
LAST YEAR TAX
CURRENT YEAR TAX
MOD
GIF (SIN DEPRECIATION)
OPERATING EXPENSES (SIN DEPRECIATION)
PAYMENT OF PURCHASE OF RAW MATERIAL (60%)
TOTAL OUTPUT
(=) CASH

BUDGET BALANCE SHEET

Laboratorios Regionales S.A
TO DECEMBER 31, 2002

ASSETS
CURRENT
CASH
CLIENTS
MATERIALS INVENTORY
ART. TERM. INVENTORY
TOTAL CURRENT
NO CURRENT
GROUND
PLANT AND EQUIPAMENT
ACCUMULATED DEPRECIATION

$ 1,919,176
$ 568,000
$ 42,000
$ 1,363,400
$ 3,892,576
$ 550,000
$ 1,050,000
$ (160,000)

LIABILITIES
SHORT TERM.
SUPPLIERS
NOTES PAYABLE

LONG TERM.
NOTES PAYABLE

CAPITAL

TOTAL NO CURRENT

TOTAL ASSETS

$ 1,440,000

CONTRIBUTED CAPITAL
CAPITAL WON
CONTRIBUTION TO CAPITAL FUT.

$ 5,332,576

TOTAL LIABILITIES + CAPITAL

UDGET
II SEMESTER
Di
Z
4000 uni
5000 uni
$ 120.00
$ 150.00
$ 480,000
$ 750,000
$ 2,330,000

N BUDGET
II SEMESTER
Di
4000 uni
3000 uni
-5000 uni
2000 uni

Z
5000 uni
2000 uni
-5000 uni
2000 uni

ANNUAL
Z
7000 uni

ERIAL REQUIREMENT
Mat A
30000 uni
26000 uni
20000 uni
76000 uni
$ 2.10
$ 159,600

II SEMESTER
Mat B
12000 uni
14000 uni
12000 uni
38000 uni
$ 3.00
$ 114,000

Mat C
18000 uni
8000 uni
10000 uni
36000 uni
$ 4.40
$ 158,400

Mat A
76000 uni
8000

II SEMESTER
Mat B
38000 uni
4000

Mat C
36000 uni
3000

HASE BUDGET

84000 uni
-10000
74000 uni
$ 2.10
$ 155,400

42000 uni
-15000
27000 uni
$ 3.00
$ 81,000

39000 uni
-5000
34000 uni
$ 4.40
$ 149,600

UDGET
D
2000 uni
3 hrs
6000 hrs
$ 11.00
$ 66,000

T PRODUCTION

TRATIVE EXPENSES

II SEMESTER
DI
Z
2000 uni
2000 uni
1 hrs
2 hrs
2000 hrs
4000 hrs
$ 11.00
$ 11.00
$ 22,000
$ 44,000
$ 592,000

NAL BUDGET
COST UNIT
$ 21.00
$ 18.00
$ 22.00
$ 22.00
$ 8.00
$ 91.00

ORY AND FINISHED PRODUCTS

TOTAL

INVENTORY

INVENTORY
$ 42,000 FINAL
RAW MATERIAL
INVENTORY
$ 1,363,400 FINAL
PROD. TERM.
$ 1,405,400

T OF SALES
II SEMESTER

BUDGETED

gionales S.A

R 31, 2002

TOTAL

$ 2,724,400.00
$ 150,000.00
$ 2,874,400.00
$ (1,363,400)
$ 1,511,000.00

FLOW BUDGETED

gionales S.A

R 31, 2002
$ 50,000
$ 5,112,000
$ 50,000
$ 5,162,000
$ 5,212,000
$ 50,000
$ 150,000
$ 50,000
$ 679,184
$ 592,000
$ 132,000
$ 527,000
$ 1,112,640
$ (3,292,824)
$ 1,919,176

NCE SHEET

gionales S.A

R 31, 2002

SHORT TERM.
NOTES PAYABLE
TOTAL SHORT TERM.
NOTES PAYABLE
TOTAL LIABILITIES

$ 741,760
$ 544,800
$ 1,286,560
$ 150,000
$ 1,436,560

CONTRIBUTED CAPITAL
CAPITAL WON
CONTRIBUTION TO CAPITAL FUT.
TOTAL CAPITAL
TOTAL LIABILITIES + CAPITAL

$ 1,390,380
$ 2,488,641
$ 16,995
$ 3,896,016
$ 5,332,576