Budgeted costs for the year 2019 Fixed cost Variable cost Costs of: (per year) $ (per case) Blackberries 850,000 $ 10.25 Labour 1,100,000 9.75 Packaging Processing Selling and Admin 50.00 1,500,000 20.00 135,000 Utilities 15,000 6.00 $ 3,600,000 $ 96.00 The table above reflects the information available at the end of 2018; expected 2019 sales are 17,500 cases. In 2019, a sudden increase in demand for cordial, caused by a government-negotiated trade deal with the United Kingdom, led F&F to produce and sell 18,000 cases at a price of $435 per case (up from $396). Unlike the Robinson family, Marty Dibble had intimate knowledge of the trade negotiations as he has been part of the negotiations team since 2016. F&F's actual expenses for 2019 were: Actual cost for the year 2019 Costs of: Blackberries $ 1,086,225 Labour 1,352,030 Packaging Processing Selling and Admin Utilities 909,000 1,953,000 141,750 119,925

Budgeted costs for the year 2019 Fixed cost Variable cost Costs of: (per year) $ (per case) Blackberries 850,000 $ 10.25 Labour 1,100,000 9.75 Packaging Processing Selling and Admin 50.00 1,500,000 20.00 135,000 Utilities 15,000 6.00 $ 3,600,000 $ 96.00 The table above reflects the information available at the end of 2018; expected 2019 sales are 17,500 cases. In 2019, a sudden increase in demand for cordial, caused by a government-negotiated trade deal with the United Kingdom, led F&F to produce and sell 18,000 cases at a price of $435 per case (up from $396). Unlike the Robinson family, Marty Dibble had intimate knowledge of the trade negotiations as he has been part of the negotiations team since 2016. F&F's actual expenses for 2019 were: Actual cost for the year 2019 Costs of: Blackberries $ 1,086,225 Labour 1,352,030 Packaging Processing Selling and Admin Utilities 909,000 1,953,000 141,750 119,925

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Concept explainers

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.

Question

Please create a static budget for 2019. Photos include question and tables for data. Thank you

Budgeted costs for the year 2019
Fixed cost Variable cost
Costs of:
(per year)
(per case)
Blackberries
$
850,000 $
10.25
Labour
1,100,000
9.75
Packaging
50.00
Processing
1,500,000
20.00
Selling and Admin
135,000
Utilities
15,000
6.00
$ 3,600,000 $
96.00
The table above reflects the information available at the end of 2018; expected 2019 sales are 17,500 cases.
In 2019, a sudden increase in demand for cordial, caused by a government-negotiated trade deal with the United Kingdom, led F&F to produce and sell 18,000 cases
at a price of $435 per case (up from $396). Unlike the Robinson family, Marty Dibble had intimate knowledge of the trade negotiations as he has been part of the
negotiations team since 2016.
F&F's actual expenses for 2019 were:
Actual cost for the year 2019
Costs of:
Blackberries
$
1,086,225
Labour
1,352,030
Packaging
Processing
909,000
1,953,000
Selling and Admin
Utilities
141,750
119,925

A static budget for 2019 based on the 2019 budget cost data available to F&F, when F&F expected to sell and produce 17,500 cordial cases at a price of $396 per case.
Your static budget should include budgeted net income and does not need to separate the costs into their fixed and variable components.

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