Q1 Glass manufacturing company requires you to calculate and present the budget for the next year from the following Sales : 3.00.000519 Toughened glass Rs. 3,00,000 Bent Toughened glass Rs. 5,00,000 Direct Material cost 60% of sales Direct wages 20 workers @ Rs. 150 P.M. Factory Overheads Indirect Labour - Works Manager Rs. 500 per month, Foreman Rs. 400 per month. Stores and spares 2 % on sales Depreciation machinery Rs. 12,600 Light and power Rs. 5,000 Repairs etc. Rs. 8,000 Other sundries 10% on Daily wages Administration selling and distribution expenses Rs. 14.000 per annum

Q: The International Company makes and sells only one product, Product SW. The company is in the…

A: The variable expenses remains constant for one unit and increases or decrease with increase or…

Q: 3. Kouba Corporation is working on its direct labor budget for the next two months. Each unit of…

A: Given that the company is committed to pay for at least 920 hours a month, if direct labor hours…

Q: 9. Chadmark Cor. budgeted monthly sales are P3,000. Per experience, 40% of its customers pay in the…

A: The cash budget is prepared to estimate the excess or lower of cash in the business.

Q: NOTENBA MINTNA BACK Fultz Company has accumulated the following budget data for the year 2020. 1.…

A: Income statement is used to compute the income earned during a period.

Q: The budgeted unit sales of Helene Company for the upcoming fiscal year are provided below: 1s…

A: The budget is prepared at the beginning of the period in order to maintain the minimum cost by the…

Q: 2. Al Nebras Company has budgeted production for next year as follows: 1st Year Q1 30,000 Q2 40,000…

A: Raw Material consumption is computed by adjusting purchases, opening & closing stocks as by…

Q: Prepare a direct HlaILI your budget, show the amount of purchaSUS I I The production manager of…

A: 1)   Answer: Total Direct labor cost is $121,800.

Q: 1. ZT Corporation's budgeted monthly sales are $3,000. Forty percent of its customers pay in the…

A: All amounts are in dollar ($).

Q: X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales…

A: A selling expenses budgeting refers to the selling spending plan which is an arrangement that…

Q: if the recession led Shalimar's top management to assume that in the next year 10 percent of credit…

A: Cash Receipt Budget is the pre estimation of the total cash receipts from the sales of products,…

Q: АВС СОМРANY Month Sales budget July August September 800,000 750,000 990,000 October 630,000…

A:

Q: Prepare a budgeted income statement for the year. E10.26 (LO 3) Haven Company has accumulated the…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: 1. Platinum Trophy, Inc. projects sales of 45,000 brass plaques for 201X. The estimated January 1,…

A: The question is related to the Cost Sheet. The details are given regarding the same. Since you have…

Q: The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget for the next…

A: Cash Budget : A cash budget itemizes the projected sources and uses of cash in a future period. This…

Q: 4. Magnet Technologies manufactures refrigerator magnets for companies as promotional items. The…

A: A report that is prepared to determine the actual revenues and costs for actual sales during the…

Q: Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter…

A: The selling and administrative expense budget is prepared to record the expenses to be incurred to…

Q: A company has the following budget formula for annual electricity expense in its shop: Expense =…

A: Introduction:- The following formula used to calculate as follows:- Electricity expenses =7,200 +…

Q: Scott Corporation's production budget for the upcoming quarter reveals total manufacturing costs of…

A: Introduction: The production budget, which establishes the number of products that must be produced,…

Q: Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet…

A: Variance: The difference between the actual cost or price and the budgeted (standard) cost or price…

Q: Dart, Inc. makes and sells umbrellas. The company is in the process of preparing its Selling and…

A: Cost can be classified into two categories such as fixed cost and variable cost. The fixed cost…

Q: QUESTION2…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Question 1: Gullever Engineering Ltd, manufactures lathe machines. Its budget data for next year is…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Please give solution  All sales of Paige Company are on account. Budgeted sales for the first…

A: JANUARY SALES =96000 FEBRUARY SALES = 168800 MARCH = 158400 RECEIPT IN MARCH = JANUARY AMOUNT * 36%…

Q: * 00 i RequIred Informatlon [The following information applies to the questions displayed below.]…

A:

Q: The following information has been by New Inc. in preparing its budget for November and December…

A: Variable factory overheads refer to those expenses that relate directly to the manufacturing output.…

Q: Pepetitive-motión injuries. The brace will be sold for $11.00 to retailers throughout the country.…

A: The Budgeted sales are made on the basis of estimate made by the business.

Q: Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted…

A: Cash receipts signifies the amount of money received by an entity on making sale or providing…

Q: 2. Al Nebras Company has budgeted production for next year as follows: 1st Year Q1 30,000 Q2 40,000…

A: The question is Multiple choice question.The question is related to Budgetory Control. The details…

Q: $5.00 Meal box sales price Food cost $2.00 per box Wages $10 per hour; 0.05 hours per box| $20,000…

A: Budget shows an estimation of revenues and expenses over a particular period of time. This can be…

Q: Q12   Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of…

A: Contribution margin per unit=Selling price per unit-Variable cost per unit Contribution margin sales…

Q: Q1)  Sales are budgeted at $360,000 for November, $380,000 for December, and $370,000 for January.…

A: Answer 1 (d):   We’ll answer the first question since the exact one wasn’t specified. Please submit…

Q: 10. ASD expects to have a cash balance of OMR 45,000 on January 1, 2020. Relevant monthly budget…

A: The cash budget shows the expected cash receipts and the expected cash expenditure incurred during…

Q: Patrick Inc. makes industrial solvents. Planned production in units for the first three months of…

A: Total direct labor hrs = Units to be produced x Direct labor hrs per unit Direct labor cost = Total…

Q: Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet…

A: Standard Costing  The process of estimating (or standardizing) costs for any or all of a company's…

Q: A company has the following budget formula for annual electricity expense in its shop: Expense = P…

A: Given, Expense = P 7,200 + (P0.60 x units produced) Annual fixed expense=P7,200 Monthly fixed…

Q: Fantastic Cement Manufacturing Company expects from you to calculate and present the master budget…

A: Gross profit = Sales - Cost of goods sold Expected net profit = Gross profit - Operating expenses

Q: Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted…

A: Sales show the revenue of the company which includes the credit sales and cash sales. Credit sales…

Q: 2. Al Nebras Company has budgeted production for next year as follows: 1st Year Q1 Q2 Q3 Q4…

A: Formula: Total production pounds = production units x each unit requires 4 pounds Multiplying…

Q: 11. The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget for the…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: flexible budget

A: To compute the overhead rate, divide your monthly overhead costs by your total monthly sales and…

Q: Good Job Oil Company was preparing its sales budget for the first quarter of coming year. Forecasted…

A: Cash collected from december sale in January=Credit sale×40%=P 152,000,000×40%=P 60,800,000

Q: Texas Rex sells t-shirts.  Expected sales for each quarter is 1000, 1200, 1500, and 2000 t-shirts at…

A: Formula: Total hours needed = Units to be produced x Direct labor time per unit  Multiplying units…

Q: 1. Platinum Trophy, Inc. projects sales of 45,000 brass plaques for 201X. The estimated January 1,…

A: The question is based on the concept of Cost Accounting.

Q: Problem 1 As treasurer of a manufacturing company, you are preparing a cash budget for September of…

A: Accounts payable: It is the current liability to an organization. It is the amount payable to the…

Q: Q3: MW Limited manufactures a single product, a Tu. The finance director prepares monthly budgets.…

A: ‘’Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 2. Al Nebras Company has budgeted production for next year as follows: 1" Year QI Q2 Q3 Q4…

A: Purchase budget = Desired ending inventory +Cost of goods sold - Beginning inventory

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.