Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Alpha
Sales & Cash Collection Budget
For six months ended June 30, 20X1

Sale Budget

Jan

Feb

Mar

Apr

May

June

Estimated Sales Volume

Unit Sales Price

10,000
25

12,000
25

15,000
25

17,000
25

20,000
25

30,000
25

Projected Sales Income

250,000

300,000

375,000

425,000

500,000

750,000

Jan

Feb

Mar

Apr

May

June

Cash Collections
Cash Sales (20%)

50,000

60,000

75,000

85,000

100,000

150,000

Credit Sales (80%)

200,000

240,000

275,000

340,000

400,000

600,000

Collections (30 days)

100,000

200,000

240,000

275,000

340,000

400,000

Cash Flow Analysis

Jan

Feb

Mar

Apr

May

June

Total Cash Collections

150,000

260,000

315,000

360,000

440,000

550,000

93,000

129,000

108,000

267,000

123,000

153,000

Total Cash Payments

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Alpha
Production, Purchaes & Cash Collection Budget
For six months ended June 30, 20X1

Production Budget in Units

Jan

Feb

Mar

Apr

10,000
9,000

12,000

15,000

17,000

Jan

Feb

Mar

Apr

10,000

12,000

15,000

17,000

20,000

30,000

9,000

11,250

12,750

15,000

22,500

30,000

Jan

Feb

Mar

Apr

Sales commissions

250000

300000

375000

425000

500000

750000

Wages and salaries

30,000

30,000

30,000

30,000

30,000

30,000

Utilities & Rent

25,000

25,000

25,000

25,000

25,000

25,000

Advertising

5,000

5,000

5,000

5,000

5,000

5,000

Other Expenses

3,000

3,000

3,000

3,000

3,000

3,000

Estimated Sales Volume

75% of next months projected

May
20,000

June
30,000

19,000

Purchases - Inventory
Estimated Sales Volume
75% of next months projected
Current Inventory
Total Purchases

Cash Payments

Property Taxes
Income Tax

May

June

8000
11000

30,000
150,000

May

June

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

The Alpha Company

Budgeted Income Statement
For the Year Ending Dec 31, 20x1
January
Revenue
Sales in Units
Sales Returns
Sales Discounts
<Other Revenue>
<Other Revenue>
<Other Revenue>
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Commissions
Salaries & Wages
Utilities & Rent
Other Expenses
Income Taxes
Property Taxes
Advertising Expenses
<Other Expense>
<Other Expense>
Total Operating Expenses

Net Income

$
$
$

February

10000
250,000 $
100,000 $
150,000 $

$
$
$
$

30,000
30,000
25,000
3,000

5,000
93,000

57,000

March

12,000
300,000 $
120,000 $
180,000 $

$
$
$
$

36,000
30,000
25,000
3,000

$
$

30,000
5,000
129,000

51,000

April

15000
375,000 $
150,000 $
225,000 $

May

17000
425,000 $
170,000 $
255,000 $

June

20000
500,000 $
200,000 $
300,000 $

July

August

30000
40000
750,000 $ 1,000,000 $
300,000 $
400,000 $
450,000 $
600,000 $

September

36000
900,000 $
360,000 $
540,000 $

October

32000
800,000 $
320,000 $
480,000 $

November

22000
550,000 $
220,000 $
330,000 $

December

12000
300,000 $
120,000 $
180,000 $

YTD

10000
250,000 $
100,000
150,000 $

$
$
$
$

45,000
30,000
25,000
3,000

$
$
$
$
$

54,000
30,000
25,000
3,000
150,000

$
$
$
$

60,000
30,000
25,000
3,000

$
$
$
$

90,000
30,000
25,000
3,000

$
$
$
$

120,000
30,000
25,000
3,000

$
$
$
$

108,000
30,000
25,000
3,000

$
$
$
$

96,000
30,000
25,000
3,000

$
$
$
$

66,000
30,000
25,000
3,000

$
$
$
$

36,000
30,000
25,000
3,000

$
$
$
$

30,000
30,000
25,000
3,000

5,000
99,000

5,000
129,000

5,000
159,000

5,000
171,000

5,000
183,000

5,000
153,000

5,000
123,000

5,000
267,000

5,000
108,000

5,000
93,000

117,000

(12,000) $

177,000

297,000

417,000

369,000

221,000

201,000

81,000

57,000

$
$
$
$
$
$
$

256000
6,400,000
2,560,000
3,840,000

771,000
360,000
300,000
36,000
150,000
30,000
60,000
1,707,000

2,133,000

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Alpha Sales Company

Actual Income Statement
For the six months Ended June 30, 20X1

The Alpha Company

Actual Income Statement
For the Year Ending Dec 31, 20x1
January
Revenue
Sales in Units
Sales Returns
Sales Discounts
<Other Revenue>
<Other Revenue>
<Other Revenue>
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Commissions
Salaries & Wages
Utilities & Rent
Other Expenses
Income Taxes
Property Taxes
Advertising Expenses
<Other Expense>
<Other Expense>
Total Operating Expenses

Net Income

February

March

April

May

June

YTD

15000
375000 $
165000
210,000 $

11,000
275,000 $
121000
154,000 $

10000
275,000 $
110000
165,000 $

90000
750,000 $
900000
450,000 $

20000
500,000 $
180000
320,000 $

25000
750,000 $
275000
450,000 $

171000
6,400,000
1751000
4,649,000

$
$

45000
30,000
25,000 $
3,000 $

33000
30,000
25,000 $
3,000 $

30000
30,000
25,000 $
3,000 $
$

27000
30,000
25,000 $
3,000 $
150,000

60000
30,000
25,000 $
3,000 $

5,000
93,000

5,000
240,000

270000
180,000
150,000
18,000
150,000
30,000
30,000
828,000

117,000

5,000
108,000

57,000

$
$

30,000
5,000
126,000

51,000

5,000
123,000

75000
30,000
25,000 $
3,000 $
$
$
5,000 $
138,000 $

(12,000) $

177,000

297,000

2,133,000

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Quarterly Budget Analysis

The Alpha Company
For the Quarter Ending:

6/31/x1

First Quarter
Budget Item
Sales Revenue
Cost of sales
Gross Profits
Variable Expenses

Total Variable Expenses

Fixed Expenses
Rent
Wages

Total Fixed Expenses

Budget
$925,000
$370,000
$455,000

Year-to-Date

Actual Variance
Budget
Actual Variance
$925,000
$0 $1,000,000 $1,200,000 $200,000
$396,000 $26,000
$600,000
$640,000 $40,000
$429,000 ($26,000) $400,000
$560,000 $160,000

$75,000
$90,000

$75,000
$90,000

$0
$0

$75,000
$90,000

$75,000
$90,000

$0
$0

$165,000

$165,000

$0

$165,000

$165,000

$0

Non-Income Statement Items

Loan Repayments
Owner Withdrawals (or dividends)
Fixed Asset Expenditures

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project

Jacquelyn Layman AC505 - Unit 2 Assignment C: Budget Project