Beruflich Dokumente
Kultur Dokumente
4 Chapter 7 Exercises
7-6 MOH Budget
Budget direct labor- hours
Variable MOHR rate: *
Variable MOH
Fixed MOH: +
Total MOH
Less Depreciation: Cash disbursed for MOH
2)
Total budget MOH for the year( divide)
Total budget direct labor hrs. for the year
297625
32500
9.157692308
or 9.16
897000
724500
172500
139500
33000
14000
19000
3
26,650
48,000
74,650
16,000
58,650
3
27,625
48,000
75,625
16,000
59,625
4Q
7,800
Quarter
32,500
3
25,350
48,000
73,350
16,000
57,350
3
105,625
192,000
297,625
64,000
233,625
12200
8100
3200
23500
34000
16000
18000
23500
18000
41500
1800
5000
34700
39700
28000
11500
39500
4800
34700
39700
41500
2Q
3Q
4Q
Year
6
65
71
5
70
75
5
96
101
5
92
97
6
323
329
35
28
8
2
73
45
30
8
2
85
48
30
10
2
90
35
25
10
2
72
163
113
36
8
320
-2
-10
11
25
7
0
7
5
15
0
15
5
0
-6
-6
5
0
-17
-17
8
22
-23
-1
8
1Q
11000
18
198000
Sales Budget
2Q
3Q
12000
14000
18
18
216000
252000
2Q Sales:
(216000*.65), (216000*.30)
140400
198900
4Q
59400
3Q Sales:
(252000*.65), (252000*.30)
4Q Sales:
(234000*.65)
Accts. Rec- (234000-152100= 81900)
Less allowance- (234000*.05=11700
Accts Rec. net = 11700
4Q
13000
18
234000
199800
Year
70200
188100
64800
205200
163800
75600
239400
228600
152100
227700
152100
855000
Production Budget
1Q
11000
1800
12800
1650
11150
2Q
12000
2100
14100
1800
12300
3Q
14000
1950
15950
2100
13850
4Q
13000
1850
14850
1950
12900
Year
50000
1850
51850
1650
50200
Q4
Year
26000
2
52000
1500
53500
1400
52100
1.4
72940
Q1
Required production( units)
Raw Materials per unit
Production needs
Add End. inventory
Total Materials needs
Less Beg. inventory
RM to be purchased
RM price per
Total cost of RM purchases
7000
2
14000
1600
15600
1400
14200
1.4
19880
5000
2
10000
1500
11500
1000
10500
1.4
14700
3976
17472
Year
2940
19880
4368
21840
Q3 purchases( 16520*.8,.2)
13216
3304
16520
17584
11760
15064
11760
72940
Q4 purchases ( 14700*.8,.2)
18844
7-14 cont.
7000
0.6
4200
14
58800
Q1
12000
0.7
8400
10.5
88200
Q1
Units to be produced
direct labor hours per unit
total direct labor hours needed
Direct labor cost per unit
total direct labor hours
21448
Q4
5000
0.6
3000
14
42000
Year
26000
0.6
15600
14
218400
Q4
11000
0.7
7700
10.5
80850
Year
50000
0.7
35000
10.5
367500
Units to be produced
direct labor hours per unit
total direct labor hours needed
Direct labor cost per unit
total direct labor hours
1Q
Budget direct labor- hours
Variable MOHR rate: *
Variable MOH
Fixed MOH: +
Total MOH
Less Depreciation: Cash disbursed for MOH
1.5
12,600
80,000
92,600
22,000
70,600
1.5
14,700
80,000
94,700
22,000
72,700
1.5
13,650
80,000
93,650
22,000
71,650
April
36000
20000
56000
March purchases
4Q
7700
1.5
11,550
80,000
91,550
22,000
69,550
Quarter
133200
72800
206000
Quarter
166500
28800
195300
36000
159300
Quarter
35,000
1.5
52,500
320,000
372,500
88,000
284,500
Commissions
Rent
Other Exp.
Total Disbursements
26100
47850
58500
32400
21150
53550
52200
64800
21150
159900
7-21A Cont.
Cash balance Beg.
Add cash collections
Total cash available
Less Cash Disbursements:
Inventory
Expenses
Equipment
Total cash disbursements
Excess of cash
Financing:
Borrowings
Repayments
Interest
26100
32400
April
8000
56000
64000
Cash Budget
May
June
4350
4590
67200
82800
71550
87390
Quarter
8000
206000
214000
47850
13300
1500
62650
1350
58500
15460
0
73960
-2410
53550
18700
0
72250
15140
159900
47460
1500
208860
5140
3000
0
0
7000
0
0
0
-10000
-230
10000
-10000
-230
Total financing
Cash balance Ending
Sales
COGS:
Beg inv
Add purchases
Goods avail.
End inv
Gross margin
S & A exp.:
commisions
rent
depreciation
Other exp.
Net operating income
interest expense
net income
7-22A Cash budget with supporting schedules
1a
CY- 4th quarter:( 200000*.33)
NY- 1st quarter:(300000*.65,.33)
NY- 2nd quarter: (400000*.65,.33)
NY- 3rd quarter: (500000*.65,.33)
3000
4350
7000
4590
-10230
4910
-230
4910
Income Statement
222000
36000
159300
195300
28800
26640
7500
2700
13320
First
166500
55500
50160
5340
230
5110
Second
Third
Fourth
66000
195000
99000
260000
132000
325000
165000
Total
66000
195000
99000
260000
132000
325000
165000
261000
1b
CY- 4th quarter:( 126000*.2)
NY- 1st quarter:(186000*.8,.2)
First
25200
148800
359000
Second
457000
Third
130000
295000
Fourth
130000
1372000
174000
234000
293200
169000
Total
25200
148800
37200
196800
49200
0
244000
61000
108000
0
870200
2
budgeted sales
Variable expense rate
Variable expenses
fixed expenses
total expenses
less depreciation
cash disbursements
First
300000
0.15
45000
50000
95000
20000
75000
Second
400000
0.15
60000
50000
110000
20000
90000
Third
500000
0.15
75000
50000
125000
20000
105000
Fourth
200000
0.15
30000
50000
80000
20000
60000
Total
1400000
0.15
210000
200000
410000
80000
330000
Second
12000
Third
10000
Fourth
Total
cash beg
First
10000
37200
196800
49200
NY- 3rd quarter:(305000*.8,.2)
244000
NY- 4th quarter: (126000*.8)
61000
108000
add collections
total cash available
merchandise purchases
S & A expenses
Dividends
Land
Total disbursements
Excess of receipts
Borrowings
repayments
interest
total financing
cah balance ending
261000
271000
174000
75000
10000
259000
12000
0
0
0
0
12000
359000
371000
234000
90000
10000
75000
409000
-38000
48000
0
0
0
10000
457000
467000
293200
105000
Sales Budget
1Q
11000
18
=SUM(B3*B4)
1Q
Accounts Receivable, Beg. Balance
1Q sales:
(198000*.65), (198000*.30)
2Q
12000
18
=SUM(C3*C4)
3Q
14000
18
=SUM(D3*D4)
70200
128700
2Q Sales:
(216000*.65), (216000*.30)
59400
140400
3Q Sales:
(252000*.65), (252000*.30)
4Q Sales:
(234000*.65)
Accts. Rec- (234000-152100= 81900) =SUM(B9:B20)
Less allowance- (234000*.05=11700
Accts Rec. net = 11700
1Q
Budgeted Unit Sales
11000
Add desired ending finished goods
=SUM(C25*0.15)
Total Units needed
=SUM(B25:B26)
Less beg. Finished goods
1650
Required Production
=SUM(B27-B28)
64800
163800
=SUM(C9:C20)
=SUM(D9:D20)
Production Budget
2Q
3Q
12000
14000
=SUM(D25*0.15) =SUM(E25*0.15)
=SUM(C25:C26) =SUM(D25:D26)
1800
2100
=SUM(C27-C28) =SUM(D27-D28)
4Q
13000
18
=SUM(E3*E4)
Collections
4Q
Year
=SUM(B9:E9)
=SUM(B11:E11)
=SUM(C14:E14)
75600
=SUM(D17:E17)
152100
=SUM(E20)
=SUM(E17:E20) =SUM(F9:F20)
et
4Q
Year
13000
=SUM(B25:E25)
1850
1850
=SUM(E25:E26) =SUM(F25:F26)
1950
1650
=SUM(E27-E28) =SUM(F27-F28)