Copy of Budget - M&U

8/2/2019 Copy of Budget - M&U

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Region

Units Value Units Value Units Value Units

Colarado 10,000 20,000 6,000 12,000 4,000 8,000 20,000

Kansas 16,500 33,000 9,000 18,000 4,500 9,000 30,000

Nebraska 5,000 10,000 2,500 5,000 2,500 5,000 10,000

Missouri 20,000 40,000 10,000 20,000 10,000 20,000 40,000

51,500 103,000 27,500 55,000 21,000 42,000 100,000

Jan Feb Mar Tot


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Value

40,000

60,000

20,000

80,000

200,000

al


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Printer Type writter

Market Research 25,000 90,000

Co. share 20% 10%

Sale forecast (Market Res) 5,000 9,000

Sale Force 6,000 8,000

Average 5,500 8,500

Region

% Units Rate Amount % Units

New England 20 1,100 1,800 1,980,000 25 2,125

Middle Atlantic 50 2,750 1,800 4,950,000 50 4,250

Southern States 30 1,650 1,800 2,970,000 25 2,125

5,500 9,900,000 8,500

SALES BUDGET:

Product Units Sales price Sales

(in amount)

Printer 5,500 1,800 9,900,000

Typewritter 8,500 500 4,250,000

14,150,000

Printer Ty


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Rate Amount

500 1,062,500

500 2,125,000

500 1,062,500

4,250,000

e Writer


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Production Budget

Particulars Ceno Neno Teno

1. Units to be sold (Sales budget) 21,000 37,500 54,300

2. Add: Desired Ending Finished goods 6,200 10,500 12,200

Total Finished goods available for sale 27,200 48,000 66,500

3. Less: Expected Opening Finished goods (5,800) (10,600) (13,000)

Units to be Produced 21,400 37,400 53,500


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SALES BUDGET:

Product Units Rate Amount

Tribolite 80,000 1.50 120,000

Polycal 40,000 2.00 80,000

Powder X 100,000 0.80 80,000

Total Sales 280,000

Production Budget:

Tribolite Polycal Powder X

Nos. of units to be sold 80,000 40,000 100,000

Add: Desired Ending FG 6,000 2,000 8,000

Total units required 86,000 42,000 108,000

Less: Expected Opening FG (5,000) (4,000) (10,000)

Production 81,000 38,000 98,000

Direct material usage budget:

A B

Tribolite 81,000 162,000Polycal 76,000 -

Powder X - 98,000

Total Direct material usage budget 157,000 260,000

DIRECT MATERIAL PURCHASE BUDGET:

A B

Material used during production 157,000 260,000

Add: Dersired ending Raw material 12,000 15,000

Total requirement of raw material 169,000 275,000

Less; Expected opening raw material (10,000) (12,000)

Purchase Budget (in units) 159,000 263,000

Purchase price per unit 0.20 0.10

Purchase budget ( in amount) 31,800 26,300

Product

Raw material

Raw materialProduct


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DIRECT LABOR BUDGET:

Tribolite Polycal Powder X

Nos. of hours used in production for 1,000

units 50.00 125.00 12.50

Per unit hour consumption 0.050 0.125 0.013

Nos. of units to be produce 81,000 38,000 98,000

Total hour consumed 4,050 4,750 1,225

hours hours hours

Rate of Direct labor per hour 8 8 8

Direct labor budget (in amount) 32,400 38,000 9,800

Factory overhead budget

Total

Tribolite Polycal Powder X Cost

Nos. of units to be produced 81,000 38,000 98,000

Per unit hour consumption 0.050 0.125 0.013

Total hour consumed 4,050 4,750 1,225

hours hours hours

Variable cost per hour 6 6 6

Total Variable cost 24,300 28,500 7,350 60,150

Total fixed cost 40,000

Total Factory overhead 100,150

1 Direct material used:

Material A (157,000 kgs x $ 0.20) 31,400

Material B (260,000 kgs x $ 0.10) 26,000

Direct material used 57,400

2 Direct labor used:

Manfacturing cost Budget:

Product

Product


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Product X 32,400

Product Y 38,000

Product Z 9,800

Direct labor used 80,200

3 Factory overhead

Variable factory overhead 60,150Fixed factory overhead 40,000

Total Factory overhead 100,150

Maufacturing cost budget 237,750


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Product Unit to Selling Total

be Sold Price Revenue

A 20,000 55 1,100,000

B 50,000 50 2,500,000

C 30,000 80 2,400,000

Total 6,000,000

Production Budget

Particulars A B C

1. Units to be sold (Sales budget) 20,000 50,000 30,000

2. Add: Desired Ending Finished goods 10,000 15,000 6,000

Total Finished goods required 30,000 65,000 36,000

3. Less: Expected Opening Finished goods (8,000) (15,000) (6,000)Units to be Produced 22,000 50,000 30,000

Direct material usage budget:

Product

110 50 41 30

Product A 66,000 44,000 - -

Sales Budget

Raw material


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Product B - 50,000 100,000 150,000

Product C 150,000 90,000 - -

Total Direct material usage budget 216,000 184,000 100,000 150,000

DIRECT MATERIAL PURCHASE BUDGET:

Raw material

110 50 41 30

Material used during production 216,000 184,000 100,000 150,000

Add: Dersired ending Raw material 25,000 23,000 15,000 18,000

Total requirement of raw material 241,000 207,000 115,000 168,000

Less; Expected opening raw material (21,000) (17,000) (10,000) (18,000)

Purchase Budget (in units) 220,000 190,000 105,000 150,000

Purchase price per unit 3.00 2.00 2.50 4.00

Purchase budget ( in amount) 660,000 380,000 262,500 600,000

STOCK


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40

110,000


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-

120,000

230,000

40

230,000

30,000

260,000

(25,000)

235,000

3.25

763,750


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Manufacturing Cost Budget:

1 Direct material used:

Plastic (3,500 kgs x $2) 7,000

Paint (2,000 lts x $6) 12,000

Direct material used 19,000

2 Direct Labor used:

Plastic moulder (2,000 hours x $6.20) 12,400Painter (1,200 hours x $ 6.0) 7,200

Direct labor used 19,600

PRIME COST 38,600

3 Factory overhead:

a. Fixed Factory overhead:

Depreciation - Building 500

Depreciation - Equipment 800

Supervision 3,200

Insurance 220

Total Fixed FOH 4,720

b. Variable Factory overhead:

Indirect labor (3,200 hrs x 0.250) 800

Indirect supplies (100,000 units x 0.004) 400

General Factory (3,200 hrs x 0.050) 160

Total variable FOH 1,360

Total FOH 6,080

MANFACTURING COST 44,680

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Copy of Budget - M&U

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