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    Exercise 1 Margarett Company: Sales Budget

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    Hannaniah Pabico
    The document contains 4 exercises that provide sales, production, and cash collection budgets and schedules for 3 different companies (Margarett, Cristina, and Allan Sporting Goods) for quarters ending in 2016 and months in 2018. It includes details like expected unit sales, sales prices, production needs, beginning and ending inventory levels, total sales, cash collections by month.

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    Exercise 1 Margarett Company: Sales Budget

    Uploaded by

    Hannaniah Pabico
    146 views4 pages
    The document contains 4 exercises that provide sales, production, and cash collection budgets and schedules for 3 different companies (Margarett, Cristina, and Allan Sporting Goods) for quarters ending in 2016 and months in 2018. It includes details like expected unit sales, sales prices, production needs, beginning and ending inventory levels, total sales, cash collections by month.

    Original Title

    Master Budget

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    The document contains 4 exercises that provide sales, production, and cash collection budgets and schedules for 3 different companies (Margarett, Cristina, and Allan Sporting Goods) for quarters ending in 2016 and months in 2018. It includes details like expected unit sales, sales prices, production needs, beginning and ending inventory levels, total sales, cash collections by month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    146 views4 pages

    Exercise 1 Margarett Company: Sales Budget

    Uploaded by

    Hannaniah Pabico
    The document contains 4 exercises that provide sales, production, and cash collection budgets and schedules for 3 different companies (Margarett, Cristina, and Allan Sporting Goods) for quarters ending in 2016 and months in 2018. It includes details like expected unit sales, sales prices, production needs, beginning and ending inventory levels, total sales, cash collections by month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Exercise 1

    Margarett Company
    Sales Budget
    For the Year Ended December 31, 2016

    Quarter
    1 2
    Expected Sales in Unit 240,000.00 300,000.00
    Unit Sales Price 50.00 50.00
    Total Sales ₱ 12,000,000.00 ₱ 15,000,000.00

    Exercise 2
    Planned Sales 40,000
    Desired Ending Inventory 6,000
    Total Needs 46,000
    Less: Beginning Inventory 8,500
    Units to be Produced 37,500

    Exercise 3
    Cristina Company
    Production Budget

    April May
    Budgeted Sales 50,000 75,000
    Desired Ending Inventory 7,500 9,000
    Units Available for Sale 57,500 84,000
    Less: Beginning Inventory 5,000 7,500
    Required Production in
    Units 52,500 76,500

    Exercise 4
    Allan Sporting Goods
    Schedule of Expected Cash Collections
    For the 2nd Quarter 2018

    April May
    Total Sales ₱ 100,000.00 ₱ 120,000.00

    February 16,200.00
    March 50,400.00 21,600.00
    April 10,000.00 63,000.00
    May 12,000.00
    June
    Total Cash Collections ₱ 76,600.00 ₱ 96,600.00

    b) Accounts Receivable
    May 32,400.00
    June 99,000.00
    Total A/R ₱ 131,400.00
    arett Company
    ales Budget
    nded December 31, 2016

    Quarter
    3 4 Total
    360,000.00 300,000.00 1,200,000.00
    50.00 55.00
    ₱ 18,000,000.00 ₱ 16,500,000.00 ₱ 61,500,000.00

    pany
    udget

    June Total
    90,000 215,000
    8,000 8,000
    98,000 239,500
    9,000 5,000

    89,000 218,000

    Goods
    ash Collections
    er 2018

    June Total
    ₱ 110,000.00 ₱ 330,000.00

    16,200.00
    72,000.00
    27,000.00 100,000.00
    75,600.00 87,600.00
    11,000.00 11,000.00
    ₱ 113,600.00 ₱ 286,800.00

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