Question

In: Accounting

Q4Y4 Q1Y5 Q2Y5 Q3Y5 Q4Y5 Total Budgeted Sales (Actual for Q4Y4) 10000 11000 14000 15000 17000...

Q4Y4 Q1Y5 Q2Y5 Q3Y5 Q4Y5 Total
Budgeted Sales (Actual for Q4Y4) 10000 11000 14000 15000 17000 57000
Selling Price/per unit 9 9 9 9 9 9
Sale Collection
In quarter of sale 0.8
In following quarter 0.2
Desired ending finished goods inventory 2500 2200 2400 2100 2100
Raw Materials/per unit 5 5 5 5 5 5
Desired Ending raw material inventory Inventory 5000 8000 7000 6000 5000 5000
Raw material price/per unit 2 2 2 2 2 2
Accounts payable
In quarter of purchase 0.7
In following quarter 0.3
Q4Y4 raw material cost 100000

REQUIRED:

Sale Budget Year 5 Quarters
1 2 3 4

Year
Production Budget
Material Budget

Cash Receipts
Cash Payments

Solutions

Expert Solution

Sales budget

Q4Y4 Q1Y5 Q2Y5 Q3Y5 Q4Y5
Budgeted sales units 10000 11000 14000 15000 17000
Selling price per unit 9 9 9 9 9
Estimated sales revenue (currency) 90000 99000 126000 135000 153000


Production Budget

Q4Y4 Q1Y5 Q2Y5 Q3Y5 Q4Y5
Budgtd sales units 10000 11000 14000 15000 17000
Add: desired finished goods inventory 2500 2200 2400 2100 2100
12500 13200 16400 17100 19100
Less: Opening F.G inventory 0 2500 2200 2400 2100
Estimated units to be produced 12500 10700 14200 14700 17000

Materials Budget

Q4Y4 Q1y5 Q2Y5 Q3Y5 Q4Y5
Estimated F.G production units 12500 10700 14200 14700 17000
Raw materials per F.G. Unit 5 5 5 5 5
Total raw materials required (units) 62500 53500 71000 73500 85000
Add: desired ending R.M. Inventory 5000 8000 7000 6000 5000
67500 61500 78000 79500 90000
Less: Opening R.M. Inventory 0 5000 8000 7000 6000
Raw materials to be purchased 67500 56500 70000 72500 84000

Cash receipts budget

Q4Y4 Q1y5 Q2y5 Q3y5 Q4y5
Estimated sales revenue 90000 99000 126000 135000 153000
Cash collection in same qtr (80%) 72000 79200 100800 108000 122400
Cash collection in following qtr (20%) 18000 19800 25200 27000
Total cash collection in the quarter 72000 97200 120600 133200 149400

Cash payments budget:

Q4y4 Q1y5 Q2y5 Q3y5 Q4y5
Raw material units reqd 67500 56500 70000 72500 84000
R.M. Price per unit 2 2 2 2 2
Total raw material cost 135000 113000 140000 145000 168000
Acnts payable in same qtr (70%) 94500 79100 98000 101500 117600
Acnts payable in next qtr (30%) 40500 33900 42000 43500
Total estimated cash payments 94500 119600 131900 143500 161100

ekkarill92 answered 1 year ago
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