Thopaz Yulistio Allambara ( 3-D / 37 )

NPM : 143060019531
The Following Data Budget for 2014
Direct Materials
Red Oak
Red Oak
Red Oak
Data Content of Each Product Unit

Read Oak
Granite
Direct Manufacturing Labor
Data Product

Expected Sales in Units

Selling Price
Target Ending Inventory in Units
Beginning Inventory in Units
Beginning Inventory in Dollars
Data Direct Materials

Beginning Inventory
Target Ending Inventory
Schedule 1 : Revenues Budget
Casual
Deluxe
Total
Schedule 2 : Production Budget (in Units)

Budgeted unit sales (schedule 1)

Add target ending finished goods inventory
Total required units
Units of finished goods to be produced

Units of finished goods to be produced

Schedule 3A : Direct Material Usage Budget in Quantity and Dollars
Physical Unit Budget
Direct materials required for Casual tables
Direct materials required for Deluxe tables
Total quantity of direct materials to be used
Cost Budget
Available from beginning DM inventory
Red Oak
Granite
To be purchased and used this period
Red Oak
Granite
Direct materials to be used this period
Schedule 3B : Direct Material Purchases Budget
Physical Units Budget
To be used in production (from schedule 3A)
Add target ending inventory
Total requirements
Deduct beginning inventory
Purchases to be made
Cost Budget
Red oak
Granite
Direct materials to be purchased this period
Schedule 4 : Direct Manufacturing Labor Costs Budget

Casual
Deluxe
Total

Quantity of tables to be prouced

Number of tables to be produced per batch
Number of batches
Setup time per batch
Total setup-hours

Setup-hours per table

Schedule 5:Manufacturing Overhead Costs Budget

Manufacturing Operations Ov

Variable Costs :
Supplies
Indirect manufacturing labor
Power
Maintenance
Fixed Costs :
Depreciation
Supervision
Power
Maintenance
Total
Total manufacturing operations overhead costs
Schedule 6A : Unit Costs of Ending Finished Goods Inventory

Red oak
Granite
Direct manufacturing labor
Manufacturing operations overhead
Machine setup overhead
Total
Schedule 6B : Ending Inventories Budget
Direct materials
Red oak
Granite
Finished Goods
Casual
Deluxe
Total ending inventory
Schedule 7 : Cost of Goods Sold Budget

Beginning finished goods inventory, January 1, 2014

Direct materials used
Direct manufacturing labor
Manufacturing overhead
Cost of goods manufactured
Cost of goods available for sale
Deduct ending finished goods inventory, December 31, 2014
Cost of goods sold
Schedule 8 : Nonmanufacturing Costs Budget
Business Function
Product design
Marketing
Distribution
Total
Schedule 9 : Budgeted Income Statement for Stylistic Furniture
For the year Ended, December 31, 2014
Revenues
COGS
Gross Margin
Operating Costs:
Product design costs
Marketing costs
Distribution costs
Operating income

et for 2014
Price per board and square foot
$
$
$

7.00
10.00
20.00

Product
Casual Granite Table
12 Board Feet
6 Square Feet
4 Hours

Deluxe Granite Table

12 Board Feet
8 Square Feet
6 Hours

Product
Casual Granite Table
50,000
600 $
11,000
1,000
384,000 $

Deluxe Granite Table

10,000
800
500
500
262,000

Direct Material
Red oak
70000 Board Feet
80000 Board Feet

Units

Granite
60000 Square Feet
20000 Square Feet

Selling Price
50,000 $
10,000 $

600
800

Product
Casual

Deluxe
50,000
11,000
61,000
1,000

10,000
500
10,500
500

60,000

10,000

Material
Red Oak

Granite
720000 Board Feet
120000 Board Feet
840000 Board Feet
Material

Red Oak

360000 Square Feet

80000 Square Feet
440000 Square Feet
Granite

490,000.00

600,000.00

3,800,000.00

4,400,000.00

5,390,000.00

5,880,000.00

Material
Red Oak

Granite
840000
80000
920000
70000
850000
Material

Red Oak
$
$

Board
Board
Board
Board
Board

Feet
Feet
Feet
Feet
Feet

440000
20000
460000
60000
400000

Square
Square
Square
Square
Square

Feet
Feet
Feet
Feet
Feet

Granite
5,950,000.00
5,950,000.00

$
$

4,000,000.00
4,000,000.00

Direct Manufacturing Labor-Hours

per Unit
60,000
4 Hours
10,000
6 Hours

Output Units Produced (schedule 2)

Casual Tables
60,000
50 tables/batch
1,200
10 hours/batch
12000 Hours

Deluxe Table
10,000
40 tables/batch
250
12 hours/batch
3000 Hours

0.2 Hours

0.3 Hours

Manufacturing Operations Overhead Costs

$
$
$

1,500,000.00
1,680,000.00
2,100,000.00

1,200,000.00

$
$
$

1,020,000
390,000
630,000

480,000

Cost per Unit of Input

$
$
$
$
$

Quantity

From Schedule

Machine Setup Overhead Cost

6,480,000.00

2,520,000

9,000,000.00

Product
Casual Tables
Input per Unit of Output
7
12 Board Feet
10
6 Square Feet
20
4 Hours
30
4 Hours
200
0.2 Hours

Cost per Unit

80000 Board Feet $
20000 Square Feet $

7.00
10.00

11,000 $

384

500 $

524

Total

3A
4
5

$
$
$

10,280,000.00
6,000,000.00
12,000,000.00

6B

Variable Costs
$

Fixed Costs
$
2,470,000 $

1,024,000
1,330,000

2,280,000

1,596,000

4,750,000

3,950,000

sch. 8
sch. 8

$
$

1,024,000
3,800,000

sch. 8

3,876,000

sch. 1
sch. 7

Total

646,000

Total Revenues
$
30,000,000
$
8,000,000
$
38,000,000

Total

Total

10,280,000.00

Total

Total

9,950,000.00

Total Hours
240000 Hours $
60000 Hours $
300000 Hours
Total

15000 Hours

Hourly Wage Rate

Total
20.00 $
20.00 $

4,800,000.00
1,200,000.00

6,000,000.00

Machine Setup Overhead Costs

$
$
$

$
$
$

390,000.00
840,000.00
90,000.00
$

1,320,000.00

1,680,000.00

3,000,000.00

12,000,000.00

603,000.00
1,050,000.00
27,000.00

Total
$
$
$
$
$
$

Deluxe Tables
Input per Unit of Output
Total
84
12 Board Feet $
60
8 Square Feet $
80
6 Hours $
120
6 Hours $
40
0.3 Hours $

84
80
120
180
60

384

524

Total
$
$

560,000
200,000

4,224,000

262,000

760,000

4,486,000

5,246,000

646,000

$
$

28,280,000.00
28,926,000.00

4,486,000

24,440,000.00

Total Costs
$
1,024,000
$
3,800,000
$

3,876,000

8,700,000

38,000,000

$
$

24,440,000.00
13,560,000.00

8,700,000

4,860,000.00

New Data
Manufacturing Overhead Costs

Cost Driver Variable Component of

Overhead Costs

Manufacturing Operations Overhead

Costs
Machine Setup Overhead Costs

Direct Manufacturing Labor-Hours

Setup Labor-Huors

Data (Manufacturing Operation Overhead Costs)

Variable Cost
Supplies
$
Indirect Manufacturing Labor
$
Power
$
Maintenance
$
Depreciation

5
5.60
7
4

Supervision
Power
Maintenance
Data(Machine Setup Overhead Cost)
Variable Cost
Supplies
Indirect Manufacturing Labor
Power
Depreciation
Supervision
Power

$
$
$

26
56
6

Data(Nonmanufacturing Cost)
Variable Cost
Product Design
Marketing
Distribution

$
$

2,470,000
2,280,000

Cost Driver of Fixed Component of

Manufacturing and Setup Capacity in 2014
Overhead Costs
Manufacturing Capacity
Setup Capacity

15000 Setup Labor-Hours

Fixed Cost

1,020,000

390,000

$
$

630,000
480,000

Fixed Cost

$
$
$

603,000
1,050,000
27,000

Fixed Cost
$
$
$

300000 Direct Manufacturing Labor-Hours

1,024,000
1,330,000
1,596,000