Solutions Manual
WASATCH MANUFACTURING
Master Budget
BY MICHAEL KAELIN
MWF: 8:00-9:50
WASATCH MANUFACTURING
December
Budgeted Units
7000
Sales Price/Unit
$
15.00 $
Sales Budget Dollars $
105,000.00 $
Sales Budget
January
February
8000
9000
15.00 $
15.00 $
120,000.00 $
135,000.00 $
March
April
8600
15.00 $
129,000.00 $
9400
15.00 $
141,000.00 $
March
Quarter
May
6800
15.00
102,000.00
December Sales
70% of December Sales
73,500.00
36,000.00
January Sales
30% of January Sales
70% of January Sales
84,000.00
40,500.00
February Sales
30% of Febrary Sales
70% of February Sales
94,500.00
$
$
38,700.00
133,200.00
March
30% of March Sales
Sales in Units
ADD: Ending inventory
Production In Units
109,500.00
124,500.00
Production Budget
January
February
8000
9000
1800
1720
9800
10720
1600
1800
8200
8920
March
8600
1880
10480
1720
8760
367,200.00
Quarter
25600
1880
27480
1600
25880
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Production in Units:
Materials Per Unit(lbs):
Production Needs(lbs):
Add: Ending Invetory(lbs):
Total Needs(lbs):
Less: Beginning Inventory(lbs):
Materials to be Purchased(lbs):
Purchase Price:
Total Price of DM:
Solutions Manual
March
8760
4
35040
5328
40368
-5256
35112
1.00 $
35,112.00 $
Units Produced
Multiply by: Hours per Unit
Direct Labor Hours
Multiply by: Direct Labor Rate per Hour
Direct Labor Cost
March
8760
0.1
876
$15.00
$13,140.00
Quarter
25880
4
103520
5328
108848
-4920
103928
1.00
103,928.00
Quarter
114,594.00
Quarter
25880
0.1
2588
$15.00
$38,820.00
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Quarter
$30,000.00
$18,000.00
$32,350.00
$80,350.00
Quarter
$33,644.00
$6,600.00
$40,244.00
March
$10,136
$133,200
$143,336
Quarter
$17,000
$367,200
$384,200
$35,466
$13,140
$26,950
$13,588
$20,000
$116,718
$9,782
$33,820
$13,380
$27,150
$13,796
$28,000
$8,000
$124,146
$10,136
$25,000
$114,144
$29,369
$114,594
$38,820
$80,350
$40,244
$28,000
$53,000
$355,008
$29,369
$0
$0
$0
$0
$0
$9,782
$0
$10,136
$0
$29,369
$0
$29,369
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$367,200
$223,098
$144,102
$40,244
$10,000
$93,858
$0
$0
$93,858
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