Scribd
Upload
38 views

Student Name: Ehab Wael Abdel Fattah Youssef ID: 17204085 Course Title: Management Accounting Course Code: (EY 311) Lecture Time: Tuesday 6:30-8:30

This document contains budgets for sales, cash collections, production, direct materials, cash disbursements, direct labor, manufacturing overhead, selling and administrative expenses, and cash for a company over the months of April, May and June. It provides the budgeted and actual sales figures, production requirements, material and labor costs, overhead allocations, expense projections and expected cash flows on a monthly and total basis.

Uploaded by

وائل مصطفى
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
38 views

Student Name: Ehab Wael Abdel Fattah Youssef ID: 17204085 Course Title: Management Accounting Course Code: (EY 311) Lecture Time: Tuesday 6:30-8:30

This document contains budgets for sales, cash collections, production, direct materials, cash disbursements, direct labor, manufacturing overhead, selling and administrative expenses, and cash for a company over the months of April, May and June. It provides the budgeted and actual sales figures, production requirements, material and labor costs, overhead allocations, expense projections and expected cash flows on a monthly and total basis.

Uploaded by

وائل مصطفى
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Student Name: Ehab Wael Abdel Fattah Youssef

ID: 17204085
Course title: Management Accounting
Course code: (EY 311)
Lecture time: Tuesday 6:30-8:30

1
Sales budget:

April May June Total


Budgeted sales 20,000 30,000 50,000 100,000
Sales price/unit ×10 10× 10× 10×
Total Sales price 200,000 300,000 500,000 1,000,000

Cash collections:

April May June Total


A/R 30,000 30,000
April sales
70% × 200,000 140,000 140,000
25% × 200,000 50,000 50,000
May sales
70% × 500,000 350,000 350,000
25% × 500,000 125,000 125,000
June sales
70% × 300,000 210,000 210,000
Total 170,000 400,000 335,000 905,000

Production budget:

April May June July


Budgeted sales 20,000 50,000 30,000 25,000
+ Ending inventory 10,000 6,000 5,000 3,000
-Beginning inventory 4,000 10,000 6,000 5,000
Required production 26,000 46,000 29,000 23,000

Direct materials budget:

April May June Total


Required production 26,000 46,000 29,000 101,000
×Direct materials/unit ×5 5× 5× 5×
Budgeted DM 130,000 230,000 145,000 505,000
+ Ending inventory 23,000 14,500 11,500 11,500
-Beginning inventory 13,000 23,000 14,500 13,000
Required DM 140,000 221,500 142,000 503,500
Cost/pound 0.4 × 0.4 × 0.4 × 0.4 ×
Cost of Required DM 56,000 88,600 56,800 201,400

2
Cash disbursements:

April May June Total


A/P 12,000 12,000
April purchases
50% × 56,000 28,000 28,000
50% × 56,000 28,000 28,000
May purchases
50% × 88,600 44,300 44,300
50% × 88,600 44,300 44,300
June sales
50% × 56,800 28,400 28,400
Total 40,000 72,300 72,700 185,000

Direct labor budget:

April May June Total


Required production 26,000 46,000 29,000 101,000
× DL hours/unit × 0.05 0.05 × 0.05 × 0.05 ×
Total DL hours 1,300 2,300 1,450 5,050
× DL cost/hour × 10 10 × 10 × 10 ×
Total DL cost 13,000 23,000 14,500 50,500

Manufacturing overhead budget:

April May June Total


Budgeted DL hours 1,300 2,300 1,450 5,050
× Variable MOH rate × 20 20 × 20 × 20 ×
Total Variable MOH 26,000 46,000 29,000 101,000
+ Cash Fixed MOH 30,000 30,000 30,000 90.000
Cash disbursement for MOH 56,000 76,000 59,000 191,000

Selling and Administrative Expense Budget:

April May June Total


Budgeted sales 20,000 50,000 30,000 100,000
× Variable selling and × 0.5 0.5 × 0.5 × 0.5 ×
administrative expenses/unit
Total variable selling and 10,000 25,000 15,000 50,000
administrative expenses
+ Cash Fixed selling and 60,000 60,000 60,000 180,000
administrative expenses
Cash disbursement for selling 70,000 85,000 75,000 230,000
and administrative expenses

3
Cash budget:

April May June Total


Beginning cash balance 40,000 57,000 57,000 40,000
+ Cash collections 170,000 400,000 335,000
Cash available 210,000 457,000 392,000 1,059,000
-Cash disbursements
DM 40,000 72,300 72,700
DL 13,000 23,000 14,500
MOH 56,000 76,000 59,000
Selling& Admin. Exp. 70,000 85,000 75,000
Equipment 0 143,700 48,300
Cash dividend 49,000 0 0
Total disbursements 228,000 400,000 269,500 897,500
Excess (deficiency) of cash (18,000) 57,000 122,500 122,500
available over
disbursements
Borrowing 75,000 0 0
Repayment 0 75,000+(75,000×16% 111,000
×3) = 111,000
Ending balance 57,000 57,000 11,500 11,500

You might also like