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Bus 639 Week 4

In: Business and Management

Submitted By aprilzimmermann
Words 579
Pages 3
630 Week 4(8-12)
Jessi Corporation
Sales Budget Quarter | 1 | 2 | 3 | 4 | Total | Budgeted Unit Sales | 11,000 | 12,000 | 14,000 | 13,000 | 50,00 | Selling price Per Unit | 18.00 | 18.00 | 18.00 | 18.00 | | Total Sales Expected | 198,000 | 216,000 | 252,000 | 234,000 | 900,000 |

Schedule of Cash Collection Quarter | | 1 | 2 | 3 | 4 | Total | Acct Rec Beginning | 70,200 | | | | | 70,200 | Quarter Sales | | 205,200 | 239,400 | 222,300 | 128,700 | | Total Cash Collection | | 227,700 | 210,600 | 228,600 | 198,900 | 865,800 |

Collections in the quarter of sales is 65% therefore for the first quarter 216,00 x 65% = 140,400
In the following the sale, collection are expected to be 30% therefore 216,00 x 30% = 64,800

Jessi Corporation
Production Budget Quarter | 1 | 2 | 3 | 4 | Total | Budgeted Unit Sales | 11,000 | 12,000 | 14,000 | 13,000 | 50,00 | Desired Ending Inventory | +2100 | +1950 | +1650 | +1850 | | Total Unites Needed | 14,100 | 13,950 | 15,650 | 14,850 | | Less Beginning Inventory | 1650 | 2100 | 1950 | 1650 | | Required Production | 12,450 | 11,850 | 13,700 | 13,200 | 51,200 |

(8-13)
Hareston Company
Direct Materials Budget Quarter | 1 | 2 | 3 | 4 | Total | Units to be produced | 7,000 | 8,000 | 6,000 | 5,000 | 26,000 | Raw Material Per unit | X2 | X2 | X2 | X2 | | Production Needed | 14,000 | 16,000 | 12,000 | 10,000 | 52,000 | Desired Ending Inventory | 1,600 | 1,200 | 1,000 | 1,500 | | Total Needs | 15,600 | 17,200 | 13,000 | 11,500 | 53,500 | Less Beginning | 1,400 | 1,600 | 1,200 | 1,000 | | Raw Material To be Purchased | 14,200 | 15,600 | 11,800 | 10,500 | 52,100 | Cost Per LBS 1.40 | 19,880 | 21,840 | 16,520 | 14,700 | 72,940 | Schedule of Expected Cash Disbursements for Materials Quarter | 1 | 2 | 3 | 4 | Total | Account Balance | | | | | 2,940 | Purchases per Quarter | 19,880 | 21,840 | 16,520 | 11,760 | | Total Cast for materials | 21,448 | 18,844 | 17,584 | 15,064 | 72,940 |

Direct Labor Budget Quarter | 1 | 2 | 3 | 4 | Total | Units to be produced | 7,000 | 8,000 | 6,000 | 5,000 | 26,000 | Direct labor time per unit (hours).60 | x.60 | x.60 | x.60 | x.60 | | Total direct labor cost per hour needed | 4200 | 4800 | 36000 | 3000 | 15600 | Direct Labor cost per hour 14.00 | X14.00 | X14.00 | X14.00 | X14.00 | | Total Direct Labor Cost | 58,800 | 67,200 | 50,400 | 42,000 | 218,400 |

(8-14)
Raredon Corporation |
Direct Labor Budget Quarter | 1 | 2 | 3 | 4 | Total | Budget Direct Labor hours | 8,400 | 9,800 | 9,100 | 7,700 | 35,000 | Variable Overhead rate 1.50 | X1.50 | X1.50 | X1.50 | X1.50 | | Variable Manufacturing Rate | 12,600 | 14,700 | 13,650 | 11,550 | 52,500 | Fixed Manufacturing | X10.50 | X10.50 | X10.50 | X10.50 | | Total Direct Labor Cost | 88200 | 102,900 | 95,550 | 80,850 | 367,500 |

Raredon Corporation
Manufacturing Overhead Budget Quarter | 1 | 2 | 3 | 4 | Total | Budget Direct Labor hours | 8,400 | 9,800 | 9,100 | 7,700 | 35,000 | Variable Overhead rate 1.50 | X1.50 | X1.50 | X1.50 | X1.50 | | Variable Manufacturing Rate | 12,600 | 14,700 | 13,650 | 11,550 | 52,500 | Fixed Manufacturing | 80,000 | 80,000 | 80,000 | 80,000 | | Total manuf overhead | 92600 | 94700 | 93650 | 91550 | 372500 | Less | | 22000 | 22000 | 22000 | 88000 | Cash dis | 70600 | 72700 | 71650 | 69550 | 284500 |

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