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 Direct materials 5.00 lbs. 0.40 $ 2.00 Direct labor 0.05 hrs. 10.00 $ 0.50 Manufacturing overhead 0.05
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CH06_part2 - Master Budgeting and Responsibility Accounting...

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