KNIGHT

F
P
585
10
5850

RAIDERS
F
P
165
1025
7
7
1155
7175

225
8
1800

35
9
315

45
7
315

15
12
180

60
6
360

560
-35
525
10
5250

140
-45
95
7
665

1000
-15
985
11
10835

200
-60
140
8
1120

5815

15980

beg inv
actual
1170
production needs
beg inv
zz
budgeted
17870
19040

1
A
Revenues Budget
For the month of June
Regular
Deluxe
2,000
3,000
120.00
195.00
240,000.00
585,000.00

Budgeted Sales (units)

Selling price per unit
Total Revenue

825,000.00

B
Production Budget in Units
Regular
Deluxe
2,000
3,000
400
600
2,400
3,600
250
650
2,150
2,950

Sales in Units
Add: Desired End Inv
Total Needed
Less: Beg Inv
Units to be produced
C

DM Usage budget - PURCHASES BUDGET

Cloth
Production Needs (PN)
Regular - (1.3*2150 )
Deluxe - (1.5*2950)
Deluxe (2*2950)
Total (to be used)
Add: Desired Ending Inventory
Total Needed
Less: Beginning Inventory
Materials to be Purchased

Wood

2,795
4,425
5,900
5,900
295
6,195
800
5,395

7,220
386
7,606
610
6,996
DM Usage budget - COST

Available from beginning

To be purchased (PN - BI) *Cost
Cloth (7220 - 610)*5.25
Wood (5900- 800) *7.5
DM to be used

Cloth
3,219.00

Wood
6,060.00

9,279.00

38,250.00
44,310.00

72,952.50
82,231.50

34,702.50
37,921.50

D
Direct Manufacturing Labor Budget

Production in Units
Direct Labor Hours

Regular
Deluxe
2,150.00
2,950.00
5
7

Labor Hours Required

Rate
Direct Labor cost

10,750.00
15.00
161,250.00

20,650.00
15.00
309,750.00

31,400.00
15.00
471,000.00

E
Manufacturing Overhead Cost Budget - Hahaha PEANUT BUTTER COSTING
Regular
Deluxe
Total
Set up (Production/50)*setuphrs*18
1,548.00
3,186.00
4,734.00
Processing (DMLH*1.8)
19,350.00
37,170.00
56,520.00
Inspection (2150+2950)*1.35
2,902.50
3,982.50
6,885.00
TOTAL MOH
23,800.50
44,338.50
68,139.00
f
Unit Cost of Ending Finished goods Inventory and Ending Inventories Budget
Cost
Cloth
Wood
DL
Setup
Processing
Inspection
TOTAL

Input
5.25
7.50
15.00
18.00
1.80
1.35

Regular
1.30
0.00
5.00
0.04
5.00
1.00

6.83
0.00
75.00
0.72
9.00
1.35
92.90

386.00
295.00

5.25
7.50

2,026.50
2,212.50

400.00
600.00

92.90
142.91

37,158.00
85,743.00

Ending Inventories Budget

QTY

CPU

DM
Cloth
Wood
FG
Regular
Deluxe
Total Ending Inventory
g

Beginning FG
DMU from C
DML
MOH
COGAS
ending inv
COGS

Cost of Goods Sold Budget

Regular
Deluxe
Total
23,250.00
92,625.00
115,875.00
37,921.50
44,310.00
82,231.50
161,250.00
309,750.00
471,000.00
23,800.50
44,338.50
68,139.00
737,245.50
122,901.00
614,344.50

h
Non Manufacturing Costs
COST
INPUT

Mktng & GA (8%*SALESREV)

Shipping (15*NUMBEROFSHITMENT)
TOTAL

0.08
15.00

825,000.00
125.00

2
CASH BUDGET
CASH BALANCE

9,435.00

RECEIPTS
MAY A/R
JUNE
AVAILABLE FOR NEEDS

307,800.00
495,000.00

DISBURSEMENTS
DM PURCHASES
MAY (from ap)
JUNE
DL
OH (68139*.7)
NMFC (67875*.9)
TAXES
DIVS
INTEREST
ENDING CASH BALANCE

802,800.00
812,235.00

15,600.00 <-- Correct

61,753.20 <-- Correct
471,000.00 <--- Correct
47,697.30
61,087.50
10,800.00
15,000.00
750.00
683,688.00
128,547.00

3
Budgeted Income Statement
Revenues
Cost of Goods Sold
Gross Profit
Expenses
Operating
Bad debts
Interest
Net income

825,000.00
614,344.50
210,655.50
67,875.00
16,500.00
750.00

85,125.00
125,530.50

Budgeted Balance Sheet

ASSETS
Current Assets
Cash
A/R
Less: Allowance
Inventories
DM
FG

128,547.00
330,000.00
16,500.00

313,500.00

4,239.00
122,901.00

127,140.00

66,000.00
1,875.00
67,875.00

569,187.00
Non Current Assets
Property Plant & Eqp
A/D
TOTAL ASSETS
LIABILITIES AND OWNERS EQUITY
Accounts Payable
Interest Payable
Long Term Debt
Common Stock
R/E
TOTAL LIABILITIES AND OWNERS EQUITY

870,000.00
163,564.20

706,435.80
1,275,622.80

15,440.40
750.00
150,000.00
300,000.00
809,434.50
1,275,624.90

Purchases Budget in Dollars

Materials to be Purchased
Cloth
wood

<---- TO BE USED sa COGS

Cloth
Wood
36,729.00
40,462.50
36,729.00 40,462.50

DMLH

R COSTING

<---- CORRECT

ries Budget
Input

Deluxe
1.50
2.00
7.00
0.06
7.00
1.00

7.88
15.00
105.00
1.08
12.60
1.35
142.91

4,239.00

122,901.00 <-- used sa COGS

127,140.00 <-- sa BALANCE SHEET

<---- Correct
<--- CORRECT

CORRECT

DIFFERENCE

2.10

77,191.50 <---- TO BE USED SA CASH BUDGET