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CH06_part2 - Master Budgeting and Responsibility Accounting...

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Master Budgeting and Responsibility Accounting
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Sample Master Budget, Illustrated
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The Sales Budget The individual months of April, May, and June are summed to obtain the total budgeted sales in units and dollars for the quarter ended June 30 th
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The Produc7on Budget
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The Direct Materials Budget
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The Direct Labor Budget
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Manufacturing Overhead Budget Total mfg. OH for quarter $251,000 Total labor hours required 5,050 = $49.70 per hour *
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Production costs per unit Quantity Cost Total Direct materials 5.00 lbs. 0.40 $ 2.00 $ Direct labor 0.05 hrs. 10.00 $ 0.50 Manufacturing overhead 0.05 hrs. 49.70 $ 2.49 4.99 $ Budgeted finished goods inventory Ending inventory in units 5,000 Unit product cost 4.99 $ Ending finished goods inventory 24,950 $ Ending Finished Goods Inventory Budget Direct materials budget and information.
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Production costs per unit Quantity Cost Total Direct materials 5.00 lbs. 0.40 $ 2.00 $ Direct labor 0.05 hrs. 10.00 $ 0.50 Manufacturing overhead 0.05 hrs. 49.70 $ 2.49 4.99 $ Budgeted finished goods inventory Ending inventory in units 5,000 Unit product cost 4.99 $ Ending finished goods inventory 24,950 $ Ending Finished Goods Inventory Budget Direct labor budget.
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Production costs per unit Quantity Cost Total Direct materials 5.00 lbs. 0.40 $ 2.00 $ Direct labor 0.05 hrs. 10.00 $ 0.50 Manufacturing overhead 0.05 hrs. 49.70 $ 2.49 4.99 $ Budgeted finished goods inventory Ending inventory in units 5,000 Unit product cost 4.99 $ Ending finished goods inventory ? Ending Finished Goods Inventory Budget Total mfg. OH for quarter $251,000 Total labor hours required 5,050 = $49.70 per hour *
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Production costs per unit Quantity Cost Total
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