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    Pre Test MR Accounting

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    2022452662

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    Pre Test MR Accounting

    Uploaded by

    2022452662
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    pre test mr accounting

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    Copyright:

    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    5 views6 pages

    Pre Test MR Accounting

    Uploaded by

    2022452662

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    QUESTION 1

    i) PERNIAGAAN AISYAH HUMAIRA


    SALES BUDGET
    FOR THE FIRST MONTHS OF 2022

    January February March


    Expected Unit Sales 30000 33000 36300
    Unit Selling Price 20.00 20.00 20.00
    Total Sales 600000 660000 726000

    ii) PERNIAGAAN AISYAH HUMAIRA


    PRODUCTION BUDGET
    FOR THE FIRST MONTHS OF 2022

    January February March


    Expected Unit Sales 30000 33000 36300
    (+) Desired Ending Finished Goods Unit 6600 7260 7986
    Total Required Unit 36600 40260 44286
    (-) Beginning Finished Goods Units 6000 6600 7260
    Requires Production Units 30600 33660 37026

    PERNIAGAAN AISYAH HUMAIRA


    DIRECT MATERIALS BUDGET
    FOR THE FIRST MONTHS OF 2022
    January February March
    Units to be produced 30600 33660 37026
    (x) Direct Materials Per Unit (kg) 2 2 2
    Total Needed For Production (kg) 61200 67320 74052
    (+) Desired Ending Direct Material (kg) 13464 14810.4 16291.44
    Total Materials Required (kg) 74664 82130.4 90343.44
    (-) Beginning Direct Materials (kg) 12240 13464 14810.4
    Direct Materials Purchased (kg) 62424 68666.4 75533.04
    Cost Per Kg 10.00 10.00 10.00
    Total Cost Of Direct Materials Purchased 624240 686664 755330.4

    PERNIAGAAN AISYAH HUMAIRA


    Direct Labor Budget
    For The First Months of 2022
    January February March
    Unit to be produced 30600 33660 37026
    (x) Direct labor time per unit 0.50 0.50 0.50
    Total required direct labor hours 15300 16830 18513
    (x) Direct labor cost per hour 10 10 10
    Total direct labor cost 153000 168300 185130

    PERNIAGAAN AISYAH HUMAIRA


    Overhead Budget
    For The First Months of 2022
    January February March
    Variable Cost:
    Total Variable Cost 76500 84150 92565
    Fixed Costs:
    Depreciation 1000 1000 1000
    Salary-Factory Supervisor 5500 5500 5500
    Factory Rental 6000 6000 6000
    Total Fixed Cost 12500 12500 12500
    Total Manufacturing Overhead 89000 96650 105065
    Total
    99300

    1986000

    Total April
    99300 39930 43923
    7986 8784.6
    107286 48714.6
    6000 7986
    101286 40728.6

    Total April
    101286 40728.6
    2 2
    202572 81457.2
    16291.44
    218863.44
    12240
    206623.44
    10.00
    2066234.40

    Total
    101286
    0.50
    50643
    10
    506430

    Total

    253215

    3000
    16500
    18000
    37500
    290715
    January Feb March Apr
    Cash Sales (60% 120000 144000 172800 207360
    Credit Sales (40%) 80000 96000 115200 138240
    Total Sales 200000 240000 288000 345600

    Jan Feb March


    Purchases 144000 172800 207360

    Product : Serum

    PERNIAGAAN AISYAH HUMAIRA


    Schedule of Expected Collections from Customers
    For The First Months of 2022
    Months
    January February March
    Account Receivable Dec 31 2020 15000
    January 56000 24000
    80000
    February 67200 28800
    96000
    March 80640
    115200
    Total Collections 71000 91200 109440

    PERNIAGAAN AISYAH HUMAIRA


    Schedule of Expected Payments from Customers
    For The First Months of 2022

    January February March


    Account Payable Dec 31 2020 20000
    January 57600 86400
    144000
    February 69120 103680
    172800
    March 82944
    207360
    Total Payments 77600 155520 186624
    PERNIAGAAN AISYAH HUMAIRA
    Cash Budget
    For The First Months of 2022
    January February March
    Beginning Cash Balance 40000 40000 40000
    Add: Receipts
    Cash Sales 120000 144000 172800
    Collection From Account Receivables 71000 91200 109440
    Total Receipts 191000 235200 282240
    Total Available Cash 231000 275200 322240
    Less: Disbursement
    Payments for Accounts Payable 77600 155520 186624
    Director`s Salary 10000 14000 16000
    Advertising expense 6000 8000 9000
    Manufacturing Overhead ( less depreciation) 8000 9500 10000
    Total Disnursement 101600 187020 221624
    Excess (deficiency) of Available Cash
    Over Cash Disbursement 129400 88180 100616
    Financing
    Add: Borrowings
    Less: Investment 89400 48180 60616
    Ending Cash Balance 40000 40000 40000

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