Essay About Cost Accounting Master Budgeting And E. Other

Cost Accounting Master Budgeting
BUDGETED INCOME STATEMENT
A. EACH CHAIR SPECIFICATION
REVENUES
DIRECT MATERIAL
COST OF GOODS SOLD
PLYWOOD
b.f per table
GROSS MARGIN
TEAK WOOD
b.f per table
OPERATING COSTS
DIRECT MANUFACTURING LABOR
HUMAN LABOR
hrs per table
R & D / PRODUCT DESIGN
MACHINING HOURS
hrs per table
MARKETING COSTS
DISTRIBUTION COSTS
B. INVENTORY INFORMATION IN PHYSICAL UNITS FOR 2011 IS
CUSTOMER SERVICE COSTS
BEGINNING INVENTORY
TARGET ENDING INVENTORY
ADMINISTRATIVE COSTS
DIR MATERIAL
OPERATING INCOME
18000
16000
21000
18000
SCHEDULE 1
FINISHED GOODS
REVENUE BUDGET FOR THE YEAR ENDING 2011
COFFEE TABLE
units
units
CHAIR
SELLING PRICE
UNITS SOLD
TOTAL REVENUES
64000
17600000
C. CHAIR REVENUES EXPECTED FOR 2011
SELLING PRICE
SCHEDULE 7
UNITS SOLD
64000
COST OF GOODS SOLD BUDGET FOR THE YEAR ENDED DEC 2011
D. COSTS EXPECTED FOR 2011
BEGINNING FINISHED GOODS INVENTORY JAN1 2011
PB (per board feet )
GIVEN
570000
RO (per b.f)
DIRECT MATERIAL USED
SC 3A
3327700
LAMINATING LABOR
DIRECT MANUFACTURING LABOUR
3841500
MACHINING LABOR
MANUFACTURING OVERHEAD
3200000
E. OTHER BUDGETED COST RATES AND AMOUNT FOR 2011 ARE
COST OF GOODS MANUFACTURED
10369200
VARIABLE MANF. OVERHEAD COST –
per.direct manu.lb/hrs.
COST OF GOODS AVAILABLE FOR SALE
10939200
VARIABLE NON-MANF. COSTS
13.27%
OF REVENUES
DEDUCT ENDING W.I.Process (FG + PB & RO ) INVENTORY DEC 2004
SC 6B
202412.9032
FIXED MANF. OVERHEAD COSTS
1400000
COST