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Budget Example - Sales Budget Units Unit Selling Price...

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1 Sales Budget Texas Rex Inc Sales Budget For the Year Ended December 31, 2009 Quarter 1 2 3 4 Year Units 1,000 1,200 1,500 2,000 5,700 Unit Selling Price $10 $10 $10 $10 $10 Budgeted Sales $10,000 $12,000 $15,000 $20,000 $57,000 Production Budget Texas Rex Inc Production Budget For the Year Ended December 31, 2009 Quarter 1 2 3 4 Year Sales 1,000 1,200 1,500 2,000 5,700 Desired ending inventory 240 300 400 200 200 Total need 1,240 1,500 1,900 2,200 5,900 Less: Beginning inventory (180) (240) (300) (400) (180) Units to be produced 1,060 1,260 1,600 1,800 5,720 Direct Materials Budget Texas Rex Inc Production Budget For the Year Ended December 31, 2009 Plain T-Shirts Quarter 1 2 3 4 Year Units to be produced 1,060 1,260 1,600 1,800 5,720 Direct materials per unit 1 1 1 1 1 Production needs 1060 1260 1600 1800 5720 Desired ending inventory 126 160 180 106 106 Total needs 1186 1420 1780 1906 5826 Less: Beginning inventory (58) (126) (160) (180) (58) 1,128 1,294 1,620 1,726 5,768 Cost per unit $3 $3 $3 $3 $3 $3,384 $3,882 $4,860 $5,178 $17,304 Ink Quarter 1 2 3 4 Year Units to be produced 1,060 1,260 1,600 1,800 5,720 Direct materials per unit 5 5 5 5 5 Production needs 5,300 6,300 8,000 9,000 28,600 Desired ending inventory 630 800 900 530 530 Total needs 5,930 7,100 8,900 9,530 29,130 Less: Beginning inventory (390) (630) (800) (900) (390) 5,540 6,470 8,100 8,630 28,740 Cost per ounce $0.20 $0.20
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