LOAF BAKING ELECTRIC FURNACE

SALES BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010

1
405,000
2
810,000

Budget sale in unit

Selling price in unit
Total

Begning balance
first quarter sales
second quarter sales
third quarter sales
fourth quarter sales
Total cash collection

QUARTERS
2
3
409,500 414,000
2
2
819,000 828,000

shedule of Expected cash

216,000
567,000 243,000
573,300

783000

245,700
579600

816300

4
414,000
2
828,000

825300

248400
579600
828000

3
414000
0.07
28980
2650
31630
2700
28930
17.5
506275

4
414000
0.07
28980
3000
31980
2650
29330
17.5
513275

BREAD BAKING ELECTRIC FURNACE

DIRECT MATERIAL BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010

Required prodution in units

Raw material need per unit
Prodution need (kg)
Add desired Ending inventory of raw material
Total need
less begning inventory of raw material
Raw material to be purchase
cost of raw material per (kg)
cost of raw material to be purchase

1
405000
0.07
28350
2600
30950
2400
28550
17.5
499625

QUARTERS
2
409500
0.07
28665
2700
31365
2600
28765
17.5
503388

Shedule of Expected cash disbursment for raw material

Account payable begning balance
First week purchase
Second week purchase
Third week purchase
Fourth week purchase
Total cash disbursment for material

180000
249813

429813

249812
251694

501506

251694
253138
504832

253137
256638
509775

3
414000
0.003
1242
50
62100

4
414000
0.003
1242
50
62100

BREAD BAKING ELECTRIC FURNACE

DIRECT LABOUR BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010

Requried production in unit

Direct labour hour per unit
Total Direct labour hour needed
Direct labour cost per hour
Total Direct labour cost

QUARTERS
1
2
405000
409500
0.003
0.003
1215
1228
50
50
60750
61400

BREAD BAKING ELECTRIC FURNACE

MANUFACTURING OVERHEAD BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010
QUARTERS
Budget direct labour hour
Veriable manufacturing overhead rate
Veriable manufacturing overhead
Fixed manufacturing overhead
Electricity bill
Gas bill
Total manufacturing overhead

1
1215

2
1228

3
1243

4
1242

9000
150000

9000
150000

9000
150000

9000
150000

Less depreciation
Cash disbursment for manufacturing overhead

5000

5000

5000

5000

Total manufacturing overhead

Budget direct labour hour
Predetermind overhead rate for the month

BREAD BAKING ELECTRIC FURNACE

SELLING AND ADMINISTRATIVE EXPENSE BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010

1
405000
0.1
40500

QUARTERS
2
409500
0.1
40950

3
414000
0.1
41400

4
414000
0.1
41400

9000
30000
15000
54000
94500

9000
30000
15000
54000
94950

9000
30000
15000
54000
95400

9000
30000
15000
54000
95400

BREAD BAKING ELECTRIC FURNACE

CASH BUDGET
FOR THE YEAR ENDED 31 DECEMBER, 2010
QUARTERS
1
2
Cash balance begning
Add receipt
Collection from customer
783000
816300
Total cash

825300

828000

Budgeted sales in unit

veriable selling and administrative expense per unit
veriable selling and administrative expenses
Fixed selling and administrative expenses
Saleman salary
Manager salary
Rent
Total fixed selling administrative expense
Total selling administrative expense

Less disbursement
Direcrt material
Direcrt labour
Manufacrturing overhead
Selling and Administrative expenses
Total disbursement
Exces of deficiency of cash

429813
60750

501506
61400

504832
62100

509775
62100

94500

94950

95400

95400

DEPRECIATION:
cost of furnace
residual value
life

235000
35000
10 yrs
235000-35000
10 yrs
20000 Rs.

Total
1,642,500
2
3,285,000

216000
810000
819000
828000
579600
3252600

Total
1642500
0.07
114975
3000
117975
2400
115575
17.5
2022563

180000
499625
503388
506275
256638
1945926

Total
1642500
0.003
4927
50
246350

Total
4927

36000
600000

20000

Total
1642500
0.1
164250
36000
120000
60000
216000
380250

Total

3252600

1945926
246350
380250