ACCOUNT
Budget Comprehensive Full.xlsx

Schedule of cash payment budget for purchases same 50

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Schedule of Cash Payment Budget for Purchases: Same 50% Next 50% Q1 Q2 Accounts Payable, December 2018 $ 16,000 Q1 Pur $ 6,960 $ 6,960 Q2 Pur $ 6,800 Q3 Pur Q4 Pur Total Budgeted Payment for Inventory $ 22,960 $ 13,760 Requirement D Direct Labor Cost Budget Q1 Q2 Budgeted Production Units 1,180 1,280 Budgeted Hours Need for per unit of output 0.30 0.30 Total Hours Needed 354 384 Per Hour Cost $ 20 $ 20 Budgeted Direct Labor Cost $ 7,080 $ 7,680 Requirement E Manufacturing overhead budget Q1 Q2 Variable Overhead $ 3 Per lt $ 3,540 $ 3,840 Fixed Manufacturing Overhead: Depreciation $ 6,000 $ 6,000 Other Cost $ 10,860 $ 10,860 Total Manufacturing Overhead $ 20,400 $ 20,700 Less Non Cash-Dep $ 6,000 $ 6,000 Cash Disbursment for Manu Ovh $ 14,400 $ 14,700 Budgeted Direct Labor Hours Overheaed Rate per Labor Hour Requirement F Selling and Administrative Budget Q1 Q2 Supplies 2% of Sale $ 1,400 $ 1,680 Salaries $ 8,000 $ 8,000 Rent $ 4,800 $ 4,800 Insurance $ 1,950 $ 1,950 Depreciation $ 2,000 $ 2,000 Total Selling and Admin Expense $ 18,150 $ 18,430
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Less: Non Cash $ 2,000 $ 2,000 Cash disbursment for Selling and Admin $ 16,150 $ 16,430 Requirement G Cash Budget Q1 Q2 Beginning Cash Balance $ 20,000 $ 20,010 Add: Cash Receipts $ 81,100 $ 80,220 Cash Available $ 101,100 $ 100,230 Cash Payment for: Inventory Purchase $ 22,960 $ 13,760 Direct Labor $ 7,080 $ 7,680 Manufacturing Overhead $ 14,400 $ 14,700 Selling and Admin Expense $ 16,150 $ 16,430 Equipment Purchase $ 25,000 Income Tax $ 3,500 $ 3,500 Total Budgeted Payment $ 89,090 $ 56,070 Surplus/(Shortage) $ 12,010 $ 44,160 Financing: Borrowing $ 8,000 Repayment
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  • Fall '18
  • Soni
  • Balance Sheet, raw material, Total Budgeted Sale

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