1111 - A B C D E F G H I Good Day Sunshine Company 4th...

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1 Good Day Sunshine Company 4th Quarter 2010 Master Operating Budget Good Day Sunshine Company Balance Sheet at September 30, 2010 Assets: Cash $225,000 Accounts payable $61,680 Accounts receivable 432,000 Short-term note payable 40,000 Inventory: Income tax payable 85,000 Raw materials 46,800 Owners' Equity Finished goods 150,000 Capital stock (no par) 350,000 395,200 Retained earnings 712,320 Total Assets $1,249,000 $1,249,000 Budgeted Sales in units (shades): September October November December January February 30,000 50,000 60,000 80,000 20,000 20,000 Budgeted Sales Price per shade: $20.00 Production cost per shade: $15.00 Monthly Budgeted Expenses: Depreciation expense $2,000 monthly (not included in $50,000 below) $50,000 paid in cash each month Variable selling expense 4% of total sales revenue Product Specifications: Amt required per shade Cost Cost per shade Yards of cling fabric 1.5 yards $2.00 per yard $3.00 Hours of direct labor 0.25 hours
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This note was uploaded on 01/05/2012 for the course 101 melissa jo taught by Professor Acc101 during the Spring '11 term at Aarhus Universitet.

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