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Schedule 1 Allison Manufacturing Sales Budget For The Quarter I Ended March 31 First Quarter

The document contains sales, production, purchasing, labor, overhead, inventory, and expense budgets for Allison Manufacturing for the first quarter of the year. It includes schedules for units sold and produced, material and labor costs, overhead, finished goods inventory, cost of goods sold, and selling/administrative expenses. The budgets forecast revenues of $30.75 million for the quarter with manufacturing costs of $27.76 million and selling/admin expenses of $870,000.

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Sultanz Farkhan Sukmana
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© © All Rights Reserved
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55 views

Schedule 1 Allison Manufacturing Sales Budget For The Quarter I Ended March 31 First Quarter

The document contains sales, production, purchasing, labor, overhead, inventory, and expense budgets for Allison Manufacturing for the first quarter of the year. It includes schedules for units sold and produced, material and labor costs, overhead, finished goods inventory, cost of goods sold, and selling/administrative expenses. The budgets forecast revenues of $30.75 million for the quarter with manufacturing costs of $27.76 million and selling/admin expenses of $870,000.

Uploaded by

Sultanz Farkhan Sukmana
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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SULTAN FARKHAN S

MANAJEMEN REG B
20191610021

A. SALES BUDGET

Schedule 1
Allison Manufacturing
Sales Budget
For The Quarter I Ended March
First Quarter

JANUARY FEBRUARY MARCH


Units 40,000 50,000 60,000
Unit selling price 205 205 205
Budgeted sales 8,200,000 10,250,000 12,300,000
chedule 1
Manufacturing
les Budget
ter I Ended March 31
rst Quarter

YEAR
150,000
205
30,750,000
B. PRODUCTION BUDGET

Schedule 2
Allison Manufacturing
Production Budget
For The Quarter I Ended March 3
First Quarter

January February March


Sales (Schedule 1) 40,000 50,000 60,000
Desired ending inventory 40,000 48,000 48,000
Total needs 80,000 98,000 108,000
Less: Beginning inventory 32,000 40,000 48,000
Units to be produced 48,000 58,000 60,000
Schedule 2
n Manufacturing
uction Budget
rter I Ended March 31
rst Quarter

Year
150,000
48,000
198,000
32,000
166,000
C. DIRECT MATERIAL PURCHASING BUDGET

Direct Material
For The Quarte

January
Metal
Units to be produced (Schedule 2) 48,000
Direct materials per unit x 10
Production needs 480,000
Desired ending inventory + 290,000
Total needs 770,000
Less: Beginning inventory - 290,000
Direct material to be purchased 480,000
Cost per logam x 8
Total purchase cost logam 3,840,000
January
Component
Units to be produced (Schedule 2) 48,000
Direct materials per unit x 6
Production needs 288,000
Desired ending inventory + 174,000
Total needs 462,000
Less: Beginning inventory - 174,000
Direct material to be purchased 288,000
Cost per logam x 5
Total purchase cost logam 1,440,000
Total direct materials purchase cost 5,280,000
Schedule 3
Allison Manufacturing
Direct Material Purchasing Budget
For The Quarter I Ended March 31
First Quarter

February March Year

58,000 60,000 166,000


10 10 10
580,000 600,000 1,660,000
300,000 308,000 308,000
880,000 908,000 1,968,000
290,000 300,000 290,000
590,000 608,000 1,678,000
8 8 8
4,720,000 4,864,000 13,424,000
February March Year

58,000 60,000 166,000


6 6 6
348,000 360,000 996,000
180,000 184,800 184,800
528,000 544,800 1,180,800
288,000 348,000 174,000
240,000 196,800 1,006,800
5 5 5
1,200,000 984,000 5,034,000
5,920,000 5,848,000 18,458,000
D. DIRECT LABOR BUDGET

For The Quarter I En

January February
Units to be produced (Schedule 2) 48,000 58,000
Direct labor time per unit (hr.) x 3 3
Total hours needed 144,000 174,000
Average wage per hour x 14.25 14.25
Total direct labor cost 2,052,000 2,479,500
Schedule 4
Allison Manufacturing
Direct Labor Budget
For The Quarter I Ended March 31
First Quarter

March Year
60,000 166,000
3 3
180,000 498,000
14.25 14.25
2,565,000 7,096,500
E. OVERHEAD BUDGET

Budgeted direct labor hours (Shedule 4)


Variable overhead rate x
Budgeted variable overhead
Budgeted fixed overhead* +
Total overhead
Schedule 5
Allison Manufacturing
Overhead Budget
For The Quarter I Ended March 31
First Quarter

January February March Year


144,000 174,000 180,000 498,000
2.40 2.40 2.40 2.40
345,600 417,600 432,000 1,195,200
338,000 338,000 338,000 1,014,000
683,600 755,600 770,000 2,209,200
G. ENDING FINISHED GOODS INVENTORY BUDGET

Units-cost computation:
Direct materials ($80 + $30)
Direct labor (3 hr. @ $14,25 )
Overhead:
Variable (3 hr. @ $2,40)
Fixed (3 hr. @ $6,10) +
Total unit cost

Finished good:
Schedule 6
Allison Manufacturing
Ending Finished Goods Inventory Budget
For The Quarter I Ended March 31

110
42.75

7.20
6.108434
166.06

Units Unit cost ($) Total ($)


48,000 166.06 7,970,805
H. COST OF GOODS SOLD BUDGET

Direct materials used (schedule 3) 18,458,000


Direct labor used (schedule 4) 7,096,500
Overhead (schedule 5) + 2,209,200
Budgeted manufacturing cost 27,763,700
Beginning finished goods + 5,331,200
Goods available for sale 33,094,900
Less: Ending finished goods (schedule 6) - 7,970,805
Budgeted cost of goods solds 25,124,095
Schedule 7
Allison Manufacturing
Cost of Goods Sold Budget
For The Quarter I Ended March 31
F. SALES and ADMINISTRATIV EXPRESS BUDGET

Planned sales in units (schedule 1)


Variable selling and administrative
Expenses per unit x
Total variable expenses
Fixed selling and administrative expenses:
Sallaries
insurance
Other
Total fixed expenses
Total selling and administative expenses
Schedule 8
Allison Manufacturing
Sales and Administrative Expenses Budget
For The Quarter I Ended March 31
First Quarter

January February March Year


40,000 50,000 60,000 150,000

3.6 3.6 3.6 3.6


144,000 180,000 216,000 540,000

50,000 50,000 50,000 50,000


40,000 40,000 40,000 120,000
20,000 20,000 20,000 60,000
110,000 110,000 110,000 330,000
254,000 290,000 326,000 870,000

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