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Buad 264 Managerial Accounting Report 2022

Prepare the master budget for the quarter ended March 31st, 2020 for Archie-Boy Dog Toy Corp.

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Added on  2022-08-27

Buad 264 Managerial Accounting Report 2022

Prepare the master budget for the quarter ended March 31st, 2020 for Archie-Boy Dog Toy Corp.

   Added on 2022-08-27

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1
Buad 264 Managerial accounting
Buad 264 Managerial Accounting Report 2022_1
2
Table of Contents
a).................................................................................................................................................3
b)................................................................................................................................................3
c).................................................................................................................................................3
d)................................................................................................................................................4
e).................................................................................................................................................4
f).................................................................................................................................................5
g)................................................................................................................................................5
h)................................................................................................................................................5
i).................................................................................................................................................6
j).................................................................................................................................................6
k)................................................................................................................................................6
l).................................................................................................................................................7
Reference....................................................................................................................................8
Appendix....................................................................................................................................9
Buad 264 Managerial Accounting Report 2022_2
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Budgeting is a process in which the plan for the business is made in respect of all the incomes
and expenses which will be occurring in the coming period. With the help of this, there will
be proper control which will be established and that will help in reducing the costs and
increasing the profitability of the business (De Azevedo et al., 2013). In the given case master
budget is prepared and all the calculation for that is provided below.
a)
The sales budget is the budget in which all the information about the sale units and its price is
shown to ascertain the total sale value of a given period (Ionescu and Bîgioi, 2016).
Sales budget
Particulars January Februar
y
March Total
Sales units 3150 3450 3320 9920
Selling price per unit 45 45 45 45
Total sales 141750 155250 149400 446400
Expected cash collection
Particulars January February March Total
November 20250.00 20250.00
December 77760.00 19440.00 97200.00
January 35437.50 85050.00 21262.50 141750.00
February 38812.50 93150.00 131963
March 37350.00 37350.00
Total 133448 143303 151763 428513
b)
The production which will be made in the business is ascertained with the help of the
production budget and in that, all the relevant data is taken into use.
Particulars Januar
y
Februa
ry
March Total Decemb
er
Sales units 3150 3450 3320 9920 2880
Add: closing stock 1035 996 1050 3081 945
Less: opening stock 945 1035 996 2976 864
Production units 3240 3411 3374 10025 2961
c)
Particulars Januar Februar March Total
Buad 264 Managerial Accounting Report 2022_3

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