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Solutions Manual
PRESIDIO MANUFACTURING
Master Budget
December
Budgeted Sales
Selling price per unit
Budget Sales
Cash Sales
Credit Sales
Total Cash Collections
Unit Sales
Plus:Desired ending inventory
Total needed
Less: Beginning inventory
Number of units to produce
5917
$12
$71,000
Sales Budget
January
February
8300
9900
$12
$12
$99,600
$118,800
March
April
9600
$12
$115,200
9000
$12
$108,000
March
$40,320
$77,220
$117,540
Quarter
$116,760
$188,110
$304,870
Production Budget
January
February
$8,300
$9,900
$990
$960
$9,290
$10,860
$830
$990
$8,460
$9,870
March
$9,600
$900
$10,500
$960
$9,540
Quarter
$27,800
$900
$28,700
$830
$27,870
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Direct Materials Budget
January
February
$8,460
$9,870
$3
$3
Units to be produced
Multiply by: Quantity of DM needed per unit (lbs)
Quantity needed for production
Plus:Desired ending inventory of DM
Total quanity needed
Less:Beginning inventory of DM
Quantity to purchase
Multiply by: Cost per pound
Total cost of DM purchases
$25,380
$5,922
$31,302
$5,076
$26,226
$2
$52,452
$29,610
$5,724
$35,334
$5,922
$29,412
$2
$58,824
Production in units
DL labor hours per unit
Labor hours required
Direct labor cost per hour
Total cost of direct labor
March
$9,540
$3
Quarter
$27,870
$3
$28,620
$5,376
$33,996
$5,724
$28,272
$2
$56,544
$83,610
$17,022
$100,632
$5,076
$95,556
$2
$191,112
March
$11,309
$47,059
$58,368
Quarter
$33,564
$132,021
$165,585
March
$9,540
$0.05
$477
$9
$4,293
Quarter
$27,870
$0.05
$1,394
$9
$12,542
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$53,726
$4,442
$19,257
$14,175
$10,000
$12,200
$113,800
-$3,048
March
$10,494
$5,500
$2,900
$18,894
Quarter
$30,657
$5,500
$2,900
$39,057
March
$12,000
$1,800
$13,800
Quarter
$34,750
$1,800
$36,550
March
$4,952
$117,540
$122,492
Quarter
$4,600
$304,870
$309,470
$58,368
$4,293
$18,894
$13,800
$165,585
$12,542
$39,057
$36,550
$10,000
$33,800
$297,533
$11,937
$16,600
$111,955
$10,537
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$11,000
$4,432
$8,000
$4,952
$6,000
$490
$4,047
$19,000
$6,000
$490
$24,447
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$6.00
$0.05
$1.10
$0.70
$7.85
$333,600
-218230
$115,370
$36,550
4600
$74,220
$490
$22,119
$51,611
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May
8600
$12
$103,200
April
$9,000
$860
$9,860
$900
$8,960
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april
$8,960
$3
$26,880
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