PLC is a manufacturing company operating in Uganda for the last 10 years currently PLC is planning to prepare its cash budget for 6 months that is from January to June 2013.
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PLC is a manufacturing company operating in Uganda for the last 10 years currently PLC is planning to prepare its
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- Bellmore Limited is ready to begin its third quarter in which peak sales occur and will have a cash opening balance of R22 250 on 1 July. Actual sales for the last two months and budgeted sales for the quarter are as follows; May (actual) R125 000 June (actual) R150 000 July (actual) R200 000 August (budgeted) R300 000 September (budgeted) R160 000 Past experience shows the following: 25% of a month’s sales collected in the month of sale 70% in the month following the month of sale 3% in the second month following the month of sale The remainder is irrecoverable The budgeted material purchases and expenses for the third quarter are as follows: July August September R R R Material purchases 170 000 175 000 87 500 Salaries and wages 22 500 20 000 20 000 Advertising 45 000 35 000 40 000 Rent paid 4 500 4 500 4 500 Depreciation 5 000 5 000 5 000 Material purchases are paid in full in…Angelo Limited is preparing its budget for the next year. It produces and sells a single product. The expected sales for the first 4 months of next year are: Month January February March April Production units 10,500 12,700 14,200 16,100 The product requires 2.5 kg of Material A1 per unit. It is the company’s policy to hold in inventory at the end of a month 20% of the material requirement for the following month. Calculate the material purchases for the month of February based on the information provided. Production cost is: The total overhead cost incurred in producing products. The total of the direct costs and the production overhead cost incurred. The total of the direct costs incurred in production. The cost of direct material, direct labour and indirect labour incurred in production.Parker corp which operates on a calendar year, expects to sell 6000 units in october and expects sales to increase 10% each month there after. Sales price is expected to stay constant at 17 per unit. what are budgeted revenues for the fourth quarter?102,000 306,000336,600337,620
- Windsor Company is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales: Sales for the year are expected to total 1,200,000 units. Quarterly sales are 25%, 25%, 25%, and 25%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $44 per unit beginning in the fourth quarter Sales in the first Quarter of 2023 are expected to be 10% higher than the budgeted sales for the first quarter of 2022 Production: Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials Each unit requires 2 kg of raw materials at a cost of $10 per kilogram. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for the first quarter of 2023 are 410.000 kg. Prepare the Sales Budget by quarter for 2022.Novak Company estimates that unit sales will be 9,600 in quarter 1; 12,600 in quarter 2; 14,100 in quarter 3; and 18,100 in quarter 4. Management wants to have an ending finished goods inventory equal to 20% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first six months of 2022.ABC produces Goods for resale at throughout America. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prioryear quarterly sales were as follows;First quarter 14,000 unitsSecond quarter 6,000 unitsThird quarter 8,000 unitsFourth quarter 4,000 unitsUnit sales are expected to increase 20 percent, and each unit is expected to sell for $1. The management prefers to maintain ending finished goods inventory equal to 10 percent of next quarter’s sales. Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units. The beginning inventory was 1000 units. Direct Materials Purchases Budget InformationEach unit of product requires 1.5 pounds of direct materials per unit, and the cost of direct materials is $1 per pound. Management prefers to maintain ending raw materials inventory equal to 30 percent of next quarter’s materials needed in production.…
- The total budgeted sales of Obaapa Ltd for April, the first month of the second quarter in 2021 were GHS950,000. Sales are expected to increase by GHS50,000 in each month. Cash sales for each month are GHS100,000 and the remaining are credit sales. All the products are sold at a mark up of the cost plus 25 per cent. On average, Obaapa Ltd collects 50 per cent of the credit sales in the month of sale and 45 per cent in the month following sales. The remainder is uncollectible. Determine the budgeted total cash receipt for each month of the second quarter of 2021 and the expected account receivables at the end of the quarter.Kipp Industries has the following production budget for 2022: 2022 Quarter 1 3,000 Units 2022 Quarter 2 8,000 Units 2022 Quarter 3 5,000 Units 2022 Quarter 4 6,000 Units 2023 Quarter 1 5,000 Units Each unit requires 2.5 hours of direct labor and workers are paid $20 per hour. Prepare a Direct Labor Budget for each of the quarters of 2022. (No need to show the total for the year).Alya Sdn Bhd. manufactures and supplies granite pots and pans with glass lids to a company in Japan. The new manager, Rushdi, wants to monitor the quarterly budgets for the quarter ending 30th September 2021 to ensure the sales targeted can be executed as planned even with the current economic condition. The following information is available: Budgeted sales: POTS 60,000 units @RM100 each PANS 40,000 units @RM125 each Budgeted inventories: Beginning Ending Pots Pans Direct material (Granite) Direct material (Glass) Direct material (Handles) 20,000 8,000 32,000 kg 29,000 kg 6,000 units 25,000 10,000 36,000 kg 32,000 kg 7,000 units Standard variable costs: POTS PANS Direct materials: Granite Glass Handles Total materials 5kg @RM8.00 3kg@RM5.00 1 @RM3.00 RM40.00 15.00 3.00 58.00 4kg @RM8.00 3kg@RM5.00 RM32.00 15.00 47.00 Direct labour Variable manufacturing overhead Total 2hours@RM12.00…
- BCAS Ltd is developing a cash budget for April, May and June 2022, and the following information was gathered: Cash Receipts 1 Sales revenue for February and March 2022 are $200,000 and $180,000 respectively. The forecasted sales revenue for April, May and June 2022 are $170,000, $220,000 and $280,000 respectively. Historically, 30% of the firm’s sales are in cash, 60% are collected in the next month, and the remaining 10% are collected in the second month following the sale. 2 Monthly rental income received is $60,000. 3 Interest income of $10,000 will be received in May 2022. Cash Disbursements 4 The expected purchases are $150,000, $110,000 and $190,000 for the months of April, May and June 2022 respectively. The company pays all its purchases in the month of purchase. 5 Monthly salaries paid is $70,000. 6 Commission is paid to its salesman at 2% of current month’s sales. 7 Renovation of all retail outlets amounting to $400,000…M/s. MNO produces cookies. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prior year quarterly unit sales were; 40000 in quarter one, and 45000, 50000, 55000 in the subsequent quarters. Unit sales are expected to increase 25% in quarter one, and 5%, 10%, 5% in the subsequent quarters and each unit is expected to sell for Rs. 6.Required:Prepare Sales BudgetHayma Company's sales budget for 2022 in units for the next five months is as follows: January 20,000, February 26,000, March 32,000, April 40,000 and May 42,000. The Company's ending finished goods inventory policy is set for 25% of the following month's sales. January 1 beginning inventory is 2,800 units. How many units will be produced in March? O a. 27,500 O b. 30,000 Oc. 24,700 O d. None of the given answers. O e. 40,500 O f. 34,000 Company XYZ produces and sells wireless earphones. The selling price per unit is $5 and the total fixed costs are $20,000. Assuming a variable cost ratio of 70%, what is the breakeven point in ($) value? (round figures to the nearest number) on Finis
