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Budgeting and Variance Analysis

   

Added on  2020-05-04

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Running head: ACCOUNTING FOR MANAGERSAccounting for ManagersStudent’s Name:University Name:Author Note
Budgeting and Variance Analysis_1

1ACCOUNTING FOR MANAGERSTable of ContentsPart A.........................................................................................................................................2Answer to Part a.....................................................................................................................2Answer to Part b.....................................................................................................................2Answer to Part c.....................................................................................................................2Answer to Part d.....................................................................................................................3Answer to Part e.....................................................................................................................4Answer to Part f.....................................................................................................................4Answer to Part g.....................................................................................................................5Answer to Part h.....................................................................................................................6Answer to Part i......................................................................................................................6Workings................................................................................................................................7Part B..........................................................................................................................................8Part C..........................................................................................................................................9Part D.......................................................................................................................................12Reference & Bibliography:......................................................................................................13
Budgeting and Variance Analysis_2

2ACCOUNTING FOR MANAGERSPart AAnswer to Part aSales Budget:ParticularsJanuaryFebruaryMarchTotalSales Volume (in units)762506100068630205880Unit Selling Price$7,400$7,400$7,400$7,400Projected Sales (in $)$564,250,000 $451,400,000 $507,862,000 $1,523,512,000 Answer to Part bProduction Budget:1st QuarterParticularsJanuaryFebruaryMarchTotalApril(in unit)(in unit)(in unit)(in unit)Projected Sales Volume76250610006863020588091500Add: Closing Stock of FinishedGoods36600411785490054900Less: Opening Stock of FinishedGoods48800366004117848800Projected Production Volume (in units)640506557882352211980Answer to Part cParticularsJanuaryFebruaryMarchTotalAprilPart 714Part 502Part 714Part 502Part 714Part 502Part 714Part 502Part714Part502ProjectedProductionVolume640506405065578655788235282352Materi565656
Budgeting and Variance Analysis_3

3ACCOUNTING FOR MANAGERSal required p.u.Total Material Required32025038430032789039346841176049411210599001271880Add:ClosingStockof RawMaterials610007320068630823569150010980091500109800Less:Opening Stockof RawMaterial7625091500610007320068630823567625091500Direct Material Purchased (in units) 30500036600033552040262443463052155610751501290180Material Costp.u.$92$122$92$122$92$122$92$122Projected Direct Material Purchased$28,060,000 $44,652,000 $30,867,840 $49,120,128 $39,985,960 $63,629,832 $98,913,800 $157,401,960 Answer to Part dDirect Labor Budget:1st QuarterParticularsJanuaryFebruaryMarchTotal(in unit)(in unit)(in unit)(in unit)Projected Production640506557882352211980Direct Labor Hours p.u.9999Total Direct Labor 5764505902027411681907820
Budgeting and Variance Analysis_4

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