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Budgetary Approaches: Impact and Analysis

   

Added on  2020-05-03

15 Pages3290 Words157 Views
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Running head: AN EVALUATION OF BUDGETSAn Evaluation of BudgetsStudent’s Name:University Name:Author Note
Budgetary Approaches: Impact and Analysis_1

1AN EVALUATION OF BUDGETSTable of ContentsPart A.........................................................................................................................................2Answer to Part a.....................................................................................................................2Answer to Part b.....................................................................................................................2Answer to Part c.....................................................................................................................2Answer to Part d.....................................................................................................................3Answer to Part e.....................................................................................................................3Answer to Part f.....................................................................................................................4Answer to Part g.....................................................................................................................5Answer to Part h.....................................................................................................................5Answer to Part i......................................................................................................................6Workings................................................................................................................................7Part B..........................................................................................................................................8Part C..........................................................................................................................................9Part D.......................................................................................................................................12References................................................................................................................................15
Budgetary Approaches: Impact and Analysis_2

2AN EVALUATION OF BUDGETSPart AAnswer to Part aSales Budget:ParticularsJanuaryFebruaryMarchTotalSales Volume (in units)766306130068970206900Unit Selling Price$6,300$6,300$6,300$6,300Projected Sales (in $)$482,769,000 $386,190,000 $434,511,000 $1,303,470,000 Answer to Part bProduction Budget:1st QuarterParticularsJanuaryFebruaryMarchTotalApril(in unit)(in unit)(in unit)(in unit)Projected Sales Volume76630613006897020690091960Add: Closing Stock of Finished Goods36780413825517655176Less: Opening Stock of FinishedGoods49000367804138249000Projected Production Volume (in units)644106590282764213076Answer to Part cDirect Material Purchases Budget:ParticularsJanuaryFebruaryMarchTotalAprilPart714Part502Part714Part502Part714Part502Part714Part502Part714Part502ProjectedProductionVolume644106441065902659028276482764Materialrequiredp.u.565656
Budgetary Approaches: Impact and Analysis_3

3AN EVALUATION OF BUDGETSTotal Material Required32205038646032951039541241382049658410653801278456Add: ClosingStock of Raw Materials613007356068970827649196011035291960110352Less: OpeningStock of Raw Material7663091956613007356068970827647663091956Direct Material Purchased (in units) 30672036806433718040461643681052417210807101296852MaterialCost p.u.$92 $123 $92 $123 $92 $123 $92 $123 Projected Direct Material Purchased$28,218,240 $45,271,872 $31,020,560 $49,767,768 $40,186,520 $64,473,156 $99,425,320 $159,512,796 Answer to Part dDirect Labor Budget:1st QuarterParticularsJanuaryFebruaryMarchTotal(in unit)(in unit)(in unit)(in unit)Projected Production644106590282764213076Direct Labor Hours p.u.9999Total Direct Labor Hours 5796905931187448761917684Direct Labor Cost per hour$50$50$50$50Budgeted Direct Labor Cost$28,984,500$29,655,900$37,243,800$95,884,200Answer to Part eManufacturing Overhead Budget1st QuarterParticularsJanuaryFebruaryMarchTotal
Budgetary Approaches: Impact and Analysis_4

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