ACT507 : Accounting for Managers
Added on 2020-05-01
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Running head: AN EVALUATION OF BUDGETAn evaluation of BudgetStudent’s Name:University Name:Author Note
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1AN EVALUATION OF BUDGETTable 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.............................................................................................................................................12References......................................................................................................................................14
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2AN EVALUATION OF BUDGETPart AAnswer to Part aSales Budget:ParticularsJanuaryFebruaryMarchTotalSales Volume (in units)768506148069160207490Unit Selling Price$6,300$6,300$6,300$6,300Projected Sales (in $)$484,155,000 $387,324,000 $435,708,000 $1,307,187,000 Answer to Part bProduction Budget:1st QuarterParticularsJanuaryFebruaryMarchTotalApril(in unit)(in unit)(in unit)(in unit)Projected Sales Volume76850614806916020749092210Add: Closing Stock of Finished Goods36888414965532655326Less: Opening Stock of Finished Goods49200368884149649200Projected Production Volume (in units)645386608882990213616Answer to Part cDirect Material Purchases Budget:ParticularsJanuaryFebruaryMarchTotalAprilPart714Part502Part714Part502Part714Part502Part714Part502Part714Part502ProjectedProductionVolume645386453866088660888299082990
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3AN EVALUATION OF BUDGETMaterialrequired p.u.565656Total Material Required32269038722833044039652841495049794010680801281696Add: ClosingStock of Raw Materials614807377669160829929221011065292210110652Less: OpeningStock of Raw Material7685092220614807377669160829927685092220Direct Material Purchased (in units) 30732036878433812040574443800052560010834401300128MaterialCost p.u.$92 $123$92 $123$92 $123$92 $123Projected Direct Material Purchased$28,273,440 $45,360,432 $31,107,040 $49,906,512 $40,296,000 $64,648,800 $99,676,480 $159,915,744 Answer to Part dDirect Labor Budget:1st QuarterParticularsJanuaryFebruaryMarchTotal(in unit)(in unit)(in unit)(in unit)Projected Production645386608882990213616Direct Labor Hours p.u.9999Total Direct Labor Hours 5808425947927469101922544Direct Labor Cost per hour$50$50$50$50Budgeted Direct Labor Cost$29,042,100$29,739,600$37,345,500$96,127,200Answer to Part eManufacturing Overhead Budget
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