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  • Soal Master Budget

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    Prayogo
    168 vues3 pages
    The document provides data for Royal Company to prepare budgets for April, May, and June of 20x1. It includes budgeted sales units and prices for each month, beginning inventory levels, production requirements, material costs, labor costs, overhead costs, and selling/administrative expenses. Royal Company uses variable costing and wants budgets for sales, production, materials, labor, manufacturing overhead, selling/administrative expenses, and income statement. The second question provides data for PT. ABC to prepare partial annual operating budgets for 2012 including production, materials usage, labor costs, manufacturing overhead costs, and cost of goods sold.

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    Master BUDGET MANAGERIAL ACCOUNTING

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    The document provides data for Royal Company to prepare budgets for April, May, and June of 20x1. It includes budgeted sales units and prices for each month, beginning inventory levels, production requirements, material costs, labor costs, overhead costs, and selling/administrative expenses. Royal Company uses variable costing and wants budgets for sales, production, materials, labor, manufacturing overhead, selling/administrative expenses, and income statement. The second question provides data for PT. ABC to prepare partial annual operating budgets for 2012 including production, materials usage, labor costs, manufacturing overhead costs, and cost of goods sold.

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    © All Rights Reserved
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    168 vues3 pages

    Soal Master Budget

    Transféré par

    Prayogo
    The document provides data for Royal Company to prepare budgets for April, May, and June of 20x1. It includes budgeted sales units and prices for each month, beginning inventory levels, production requirements, material costs, labor costs, overhead costs, and selling/administrative expenses. Royal Company uses variable costing and wants budgets for sales, production, materials, labor, manufacturing overhead, selling/administrative expenses, and income statement. The second question provides data for PT. ABC to prepare partial annual operating budgets for 2012 including production, materials usage, labor costs, manufacturing overhead costs, and cost of goods sold.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 3

    Management Accounting for Business

    Master Budget
    Tutor: Siti Czafrani Pratiwi
    Question I
    Royal Company is preparing budgets for April, May, and June year 20x1
    Budgeted sales of the companys only product for the next five months are:
    April............
    May.............
    June.............
    July..............
    August.........

    20,000 units
    50,000 units
    30,000 units
    25,000 units
    15,000 units

    The selling price is $10 per unit.


    Additional data:

    The company desires to have inventory on hand at the end of each month equal to 20% of the
    following months budgeted unit sales.

    On March 31, 4,000 units were on hand.

    5 pounds of material are required per unit of product.

    Management desires to have materials on hand at the end of each month equal to 10% of the
    raw materials needed for following months production.

    The beginning materials inventory was 13,000 pounds.

    The material costs $0.40 per pound.

    Each unit produced requires 0.05 hour of direct labor.

    Each hour of direct labor costs the company $10.

    Management fully adjusts the workforce to the workload each month.

    Variable manufacturing overhead is $20 per direct labor-hour.

    Fixed manufacturing overhead is $50,500 per month. This includes $20,500 in depreciation,
    which is not a cash outflow.

    Royal Company uses variable costing in its budgeted income statement and balance sheet.

    Manufacturing overhead is applied to units of product on the basis of direct labor-hours.

    The company has no work in process inventories.

    Variable selling and administrative expenses are $0.50 per unit sold.

    Fixed selling and administrative expenses are $70,000 per month and include $10,000 in
    depreciation.

    Required:
    1.

    Sales budget.

    2.

    Production budget.

    3.

    Direct materials budget.

    4.

    Direct labor budget.

    5.

    Manufacturing overhead budget.

    6.

    Selling and administrative expense budget

    7.

    Income statement budget

    Question 2
    PT. ABC is a local t-shirt manufacturer. In 2012 management projected that they can sell 8000 units of
    various types t-shirt. Data required to develop this years budget is as follows:
    a. Finished goods inventory on January 1 is 100 units, each costing Rp15.000.
    Management planned to maintain its current level of finished goods inventory at the
    end of 2012.
    b. Inputs include the following :
    Fabric
    Dye
    Labor

    Price
    Rp 10.000 per meter
    Rp 1.000 per ounce
    Rp 10.000 per DLH

    Quantity
    1 meter per shirt
    3 ounces per shirt
    0.25 DLH per shirt

    Inventory at Jan 1
    75 meter at Rp9.000
    100 ounces at Rp750

    c. Overhead costs for 2012 are estimated for fixed and variable components:
    (measured
    in direct labor hour (DLH)). Overhead are allocated to finish product using direct
    labor hour as the cost allocation base.

    Supplies
    Power
    Maintenance
    Supervision
    Depreciation
    Other

    Fixed Cost Component


    Rp 20.000.000
    Rp 60.000.000
    Rp 75.000.000
    Rp 15.000.000

    Variable Cost Component


    Rp 500
    Rp 1.000
    -

    Required :
    Prepare a partial annual operating budget for the year 2012 :
    (1) Production Budget
    (2) Direct Material Usage Budget
    (3) Direct Labor Cost Budget
    (4) Manufacturing Overhead Cost Budget
    (5) Cost of Goods Sold Budget

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