Direct Materials

RM

Variable/Fixed

Mango (per kg)

Orange (per kg)
Watermelon (per kg)
Banana (per kg)
Grape (per kg)
Strawberry (per kg)
Transparent Cups (per 100 cups)
Sugar (per kg)
Plain water (1 litre)
Ice cubes (per kg)
Straw

3.00
1.00
2.50
4.00
8.00
5.00
20.00
3.50
1.00
3.00
3.50

Variable
Variable
Variable
Variable
Variable
Variable
Variable
Variable
Variable
Variable
Variable

Total Direct Materials

54.50

Direct Labor
Wages (per hour)
Manufacturing Overhead
Indirect material - Ice Storage
Indirect material - Blender

1.00

Variable

40.00
35.00
75.00

Fixed
Fixed

Fruit Juice

Any type of fruit

Water
Sugar
Ice cube

Qty
3kg
2 litre
250gram
2kg

Per unit
Transparent cup
Straw
Total DM

1 piece
1 piece

DM
DL
VMOH
FMOH
Product Cost

RM
12.7
2
0.875
1.50
17.075

15
1.138333
0.20
0.01
1.348333

1.348333
0.10
0.2
0.25
1.898333

Fixed Cost:
Transportation
Electricity
Total

RM
200.00
300
500

75
1000
0.075
1.5483333333
0.5

1.6483333333

Sales Budget
Month
Budgeted sales (units)
x Sales price (RM)
Total Sales Revenue

January
1000
3
RM3,000

February
1000
3
RM3,000

January
1000
0
1000
0
1000

February
1000
0
1000
0
1000

Production Budget
Month
Budgeted sales (units)
Add: desired ending inventory
Less: desired beginning inventory
Required production (units)

March
1100
3
RM3,300

Total Quarter
3100
3
RM9,300

March
1100
0
1100
0
1100

Total Quarter
3100
0
3100
0
3100

Direct Material Budget

January
February
March
Production Requirement
Add: Desired Ending Inventory
Total Requirement
Deduct: Expected Ending Inventory
Production Requirement (units)

Mango
30
30
30
90
0
90
0
90

Orange
40
40
50
130
0
130
0
130

Watermelon
6
6
6
18
0
18
0
18

January
February
March
Production Requirement
Add: Desired Ending Inventory
Total Requirement
Deduct: Expected Ending Inventory
Production Requirement (units)

Banana
35
35
40
110
0
110
0
110

Grape
5
5
5
15
0
15
0
15

Strawberry
5
5
5
15
0
15
0
15

January
February
March
Production Requirement
Add: Desired Ending Inventory
Total Requirement
Deduct: Expected Ending Inventory
Production Requirement (units)

Transparent Cups
10
10
11
31
0
31
0
31

Sugar
20
20
25
65
0
65
0
65

Plain Water
250
250
300
800
0
800
0
800

Ice cubes
300
300
330
930
0
930
0
930

Straw
300
300
330
930
0
930
0
930

Anticipated
Price (RM)
Mango (per kg)
Orange (per kg)
Watermelon (per kg)
Banana (per kg)
Grape (per kg)
Strawberry (per kg)
Transparent Cups
Straw
Sugar (per kg)
Plain water (1 litre)
Ice cubes (per kg)
Production Requirement (RM)

3.00
1.00
2.50
4.00
8.00
5.00
0.20
0.01
3.50
1.00
3.00

3.00
1.00
2.50
4.00
8.00
5.00
0.20
0.01
3.50
1.00
3.00

January
(1000 units to
be produced)
30
90
40
40
6
15
35
140
5
40
5
25
1000
200
1000
10
20
70
150
150
150
450
RM1,230.00

3.00
1.00
2.50
4.00
8.00
5.00
0.20
0.01
3.50
1.00
3.00

February
(1000 units to
be produced)
30
90
40
40
6
15
35
140
5
40
5
25
1000
200
1000
10
20
70
150
150
150
450
RM1,230.00

3.00
1.00
2.50
4.00
8.00
5.00
0.20
0.01
3.50
1.00
3.00

March
(1100 units to
be produced)
30
90
50
50
6
15
40
160
5
40
5
25
1100
220
1100
11
25
87.5
150
150
150
450
RM1,298.50

Direct Labor Budget

Required production (unit)

x DL per unit
DL hours required
x Hourly wage rate
Total DL costs (RM)

January
1000
0.10
100
1
RM100.00

Manufacturing Overhead Budget

Direct Labor required

x Variable Manufacturing Overhead rate
Variable Manufacturing Overhead
Fixed Manufacturing Overhead
Total Manufacturing Overhead

January
RM100.00
RM0.02
RM2.00
500
RM502.00

Selling and Administration Budget

Sales in units
x Variable selling and administrative
Total Variable Selling and Admin Expense
Add: Fixed selling and administration exp
Depreciation
Advertising
Executives salaries
Road Tax
Total Fixed Selling and Admin expense
Total Selling and Administrative expense

January
1000
0.20
200
350
70
200
7
627
RM827.00

February
1000
0.10
100
1
RM100.00

March
1100
0.10
110
1
RM110.00

February
RM100.00
RM0.02
RM2.00
500
RM502.00

March
RM110.00
RM0.02
RM2.20
500
RM502.20

February
1000
0.20
200

March
1100
0.20
220

350
70
200
7
627
RM827.00

350
70
200
7
627
RM847.00

Cash Budget

Beginning Cash Balance

Add: Cash Collection
Total Cash Available
Less: Cash Disbursements
Direct Materials
Direct Labors
Manufacturing Overhead
Selling and Administration
Total Disbursement
Cash Available Over Disbursement

January
RM5,000
3000
RM8,000.00

February
RM5,341.00
3000
RM8,341.00

1230.00
100.00
502.00
827.00
2659.00
RM5,341.00

1230.00
100.00
502.00
827.00
2659.00
RM5,682.00

March
RM5,682.00
3300
RM8,982.00
1298.50
110.00
502.20
847.00
2757.70
RM6,224.30

SOCI
RM

RM
9300
5580
3720
2501
1,219.00

RM

RM

Sales Revenue
Less: Cost of Goods Sold
Gross Margin
Less: Selling and Admin
Net Income

SOFP
CURRENT ASSET
Cash
Raw Material Inventory
Finished Goods Inventory
Total Current Assets
NON-CURRENT ASSETS
Motorcycle
Less: Depreciation
Total Assets

5000
0
0
5000

7000
1050
5950
10950