1 Model C3 lawn chair Keep Drop Difference Sales RM 300000 RM RM300000 Cost of

1 model c3 lawn chair keep drop difference sales rm

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1/ Model C3 lawn chair Keep Drop Difference Sales RM 300,000 RM - RM(300,000) Cost of goods sold: RM - Direct materials RM 122,000 RM - RM(122,000) Direct labor RM72,000 RM - RM(72,000) Fringe benefits RM14,400 RM - RM(14,400) Variable MOH RM3,600 RM - RM(3,600) Building rent and maintenance RM4,000 RM4,000 RM - Depreciation RM19,100 RM19,100 RM - Gross margin RM64,900 RM(23,100) RM(88,000) Selling and administrative RM - Product manager's salaries RM10,000 RM - RM(10,000) Sales commissions RM15,000 RM - RM(15,000) Fringe benefits RM5,000 RM - RM(5,000) Shipping RM10,000 RM - RM(10,000) General administrative expenses RM48,000 RM48,000 RM - Net operating income RM(23,100) RM(71,100) RM(48,000) 2/ Sales RM 300,000 100% Variable expenses: RM 240,000 80 % Direct materials RM 122,000 Direct labor RM 72,000 Fringe benefits RM 14,400 Variable MOH RM 3,600 Sales commissions RM 15,000 Fringe benefits RM 3,000 Shipping RM 10,000 Contribution margin RM 60,000 20% Fixed expenses: RM 12,000 Product manager's salaries RM 10,000 Fringe benefits RM 2,000
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TASK 3 – Cash Budget 1/ 2/ July August Sept. Quarter Cash balance, beginning (1) $ 43,000 $ 28,700 $ 24,300 $ 43,000 add collections from customers (2) 290,700 355,600 391,000 1,037,300 Total cash available (3)=(1)+(2) 333,700 384,300 415,300 1,080,300 Less disbursements: Merchandise purchases (4) 160,000 170,000 155,000 485,000
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