Part A: 1 prepare the budgets for the first three months of 2012
a. Sales budget
Garret Manufacturing Ltd.
Sales Budget
For the Quarter Ended March 31, 2012
January February March Total
Forecasted United Sales 11,000 10,000 13,000 34,000
Forecasted Sales Price $60 $60 $60 $60
= Budgeted Sales Dollars $660,000 $600,000 $780,000 $2,040,000
b. A schedule of expected cash collections from sales.
Garret Manufacturing Ltd.
Cash Receipts Schedule
For the Quarter Ended March 31, 2012
勇敢的作文 January February March Total
Credit Sales Collected:
From Accounts Receivable
at 12/31/2011:
November Credit Sales
(10,0006060%=$360,000)
Collected in January (50%) $180,000 $180,000
December Credit Sales
(12,0006060%=$432,000)
送给老师的话 Collected in January (50%) $216,000 $216,000
Collected in February (50%) $216,000 $216,000
From New Credit Sales:
January Credit Sales
(660,00060%=396,000)马来西亚面积
Collected in February (50%) $198,000 $198,000
Collected in March (50%) $198,000 $198,000
February Credit Sales
(600,000浮顶储罐60%=$360,000)
Collected in March (50%) $180,000 $180,000
Budgeted Receipts from Credit Sales $396,000 $414,000 $378,000 $1,188,000
Cash Sales:
January Cash Sales $264,000 $264,000
February Cash Sales $240,000 $240,000
March Cash Sales(780,00040%) $312,000 $312,000
Budgeted Cash Receipts $660,000 $654,000 $690,000 $2,004,000 怎么熨衣服
c. A raw material purchas budget
Garret Manufacturing Ltd.
Purchas Budget
For the Quarter Ended March 31, 2012
January February March Total
Forecasted Unit Sales 11,000 10,000 13,000 34,000
+ Desired Ending Inventory 2,000 2,600 2,200 2,200
= Total Units Needed 13,000 12,600 15,200 36,200
Beginning Inventory 2,200 2,000 2,600 2,200
= Units to Be Produced 10,800 10,600 12,600 34,000
Kilogram per unit 5 5 5 5
=Raw Materials for Unit Production(kg)54,000 53,000 63,000 170,000
+Desired Ending Raw Materials(kg)13,250 15,750 13,500 13,500
=Total Raw Materials Needed(kg) 67,250 68,750 76,500 183,500
Beginning Raw Materials(kg) 13,500 13,250 15,750 13,500莫逆是什么意思
= Kilogram to be Purchad 53,750 55,500 60,750 170,000
Cost per Kilogram $0.60 $0.60 $0.60 $0.60
= Cost of Purchas $32,250 $33,300 $36,450 $102,000
d. A schedule of cash disburments for raw materials.
Garret Manufacturing Ltd.
Cash Payments Schedule for Raw Materials
For the Quarter Ended March 31, 2012
January February March Total
Credit Purchas Payment:
From Accounts Payable $24,000 $24,000
From New Credit Purchas
January Credit Purchas
(32,25060%) paid in February $19,350 $19,350
February Credit Purchas
(33,30060%) paid in March $19,980 $19,980
Cash Purchas $12,900 孕妇梦见自己掉牙 $13,320 $14,580 $40,800
Budgeted Cash Payments $36,900 $32,670 $34,560 $104,130
e. Direct labour and manufacturing overhead budget
Garret Manufacturing Ltd.
祝妈妈Direct labour and manufacturing overhead budget
For the Quarter Ended March 31, 2012
January February March Total
Unit finished products 10,800 10,600 12,600 34,000
