ABC's Juices Pvt Ltd

Sales Budget
For the Year Ending March 31, 2012
1st Quarter

2nd Quarter

210,000

Notes

3rd Quarter

150,000

4th Quarter

300,000

Annual Recap

Estimated units
X Per unit sales price

240,000

900,000

32

32

32

32

32

Total estimated sales

6,720,000

4,800,000

9,600,000

7,680,000

28,800,000

Expected Cash Collections From Sales

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Annual Recap

From current quarter sales

4,480,000

3,200,000

6,400,000

5,120,000

2/3 of current
quarter sales

From prior quarter sales

4,500,000

2,240,000

1,600,000

3,200,000

1/3 of prior
quarter sales

Cash collections from sales

8,980,000

5,440,000

8,000,000

8,320,000

1st Quarter
2nd Quarter
3rd Quarter
4th Quarter

Estimated units
210,000
150,000
300,000
240,000

30,740,000

ABC's Juices Pvt Ltd

Production Budget
For the Year Ending March 31, 2012

Notes

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Annual
Recap

210,000

150,000

300,000

240,000

900,000

from "sales" sheet

37,500

75,000

60,000

70,000

70,000

25% of following
quarter's sales

Total units needed

247,500

225,000

360,000

310,000

Less: Beginning finished goods

(52,500)

(37,500)

(75,000)

(60,000)

Scheduled production

195,000

187,500

285,000

250,000

Estimated units sold

Desired ending finished goods

917,500

ABC's Juices Pvt Ltd

Direct Materials Budget- Orange Essence
For the Year Ending March 31, 2012
1st Quarter

2nd Quarter

Notes

3rd Quarter

4th Quarter

Annual Recap

195,000

187,500

285,000

250,000

917,500

from "production"
sheet

X Raw materials per pack (kg)

0.12

0.12

0.12

0.12

0.12

0.12 kg per pack

Total raw material needs (kgs)

23,400

22,500

34,200

30,000

110,100

4,500

6,840

6,000

4,800

4,800

Total orange essence needed(kgs)

27,900

29,340

40,200

34,800

114,900

Less: Target beg. raw material (kgs)

(4,680)

(4,500)

(6,840)

(6,000)

Raw material purchases (kgs)

X Estimated cost per kg

23,220
65.00

24,840
65.00

33,360
65.00

28,800
65.00

110,220
n/a

Cost of raw material purchases

1,509,300.00

1,872,000.00

7,164,300.00

Annual Recap

Scheduled production

Plus: Target ending raw material

1,614,600.00

2,168,400.00

20% of following
quarter's needs

(4,680)

Expected Cash Payments For Materials Purchases

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

For current quarter purchases

1,207,440.00

1,291,680.00

1,734,720.00

1,497,600.00

For prior quarter purchases

Cash payments for materials

1,557,440.00

350,000.00

301,860.00

1,593,540.00

322,920.00

2,057,640.00

80% of current
quarter purchases
20% of prior quarter
purchases

433,680.00

1,931,280.00

7,139,900.00

ABC's Juices Pvt Ltd

Direct Materials Budget- Packs
For the Year Ending March 31, 2012
1st Quarter
Scheduled production
X Estimated cost of one pack
Cost of purchases

195,000
4.00
780,000

2nd Quarter

187,500
4.00
750,000

Notes

3rd Quarter

285,000
4.00
1,140,000

4th Quarter

250,000
4.00
1,000,000

Annual Recap

917,500
n/a
3,670,000

from "production"
sheet

Expected Cash Payments For Materials Purchases

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

For current quarter purchases

624,000

600,000

912,000

800,000

For prior quarter purchases

Cash payments for materials

160,000
784,000

156,000
756,000

150,000
1,062,000

228,000
1,028,000

Annual Recap
80% of current
quarter purchases
20% of prior quarter
purchases

3,630,000

ABC's Juices Pvt Ltd

Direct Labor Budget
For the Year Ending March 31, 2012

Notes

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Annual Recap

195,000

187,500

285,000

250,000

917,500

from "production" sheet

X Direct labor hours per unit

0.0042

0.0042

0.0042

0.0042

0.0042

2/480 hours per pack

Total direct labor hours

X Cost per direct labor hour

813
300

781
300

1,188
300

1,042
300

3,823
300

Cost of direct labor

243,750

234,375

356,250

312,500

1,146,875

Scheduled production

ABC's Juices Pvt Ltd

Factory Overhead Budget
For the Year Ending March 31, 2012
1st Quarter
Direct machine hours

2nd Quarter

3rd Quarter

4th Quarter

Annual Recap

390.63

593.75

520.83

1,911

406.25

X Variable factory overhead rate

525.00

525.00

525.00

525.00

525.00

Total variable factory overhead

213,281

205,078

311,719

273,438

1,003,516

Fixed factory overhead

155,000

155,000

155,000

155,000

620,000

Total factory overhead

368,281

360,078

466,719

428,438

1,623,516

Less: Depreciation

(35,156)

Cash paid for factory overhead

333,125

(35,156)
324,922

Applied factory overhead rate per machine hour =

(35,156)
431,563

849.36

(35,156)
393,281

(140,625)
1,482,891

ABC's Juices Pvt Ltd

Ending Finished Goods Inventory
For the Year Ending March 31, 2012
Cost Component

Quantity/
Hours (1)

Notes

Price per kg/

cost per hr (2)

Cost Per Pack

(3) = (1 X 2)

0.12

65.00

7.80

4.00

4.00

0.0042
0.0021

300.00
849.36

1.25
1.77

14.82

Direct material
-Orange essence
-pack
Direct labor
Applied factory overhead

X Units in ending finished goods inventory

Ending finished goods inventory

70,000

1,037,365

from "production" sheet

ABC's Juices Pvt Ltd

Selling, General, and Administrative Budget
For the Year Ending March 31, 2012
1st Quarter
Estimated units sold

2nd Quarter

210,000

3rd Quarter

150,000

Notes
4th Quarter

300,000

Annual Recap

240,000

900,000

X Per unit variable SG&A

8.00

8.00

8.00

8.00

8.00

1,680,000

1,200,000

2,400,000

1,920,000

7,200,000

Salaries

420,000

420,000

420,000

420,000

1,680,000

Office rent

400,000

400,000

400,000

400,000

1,600,000

Advertising

250,000

250,000

250,000

250,000

1,000,000

Other

100,000

100,000

100,000

100,000

400,000

Total fixed SG&A

1,170,000

1,170,000

1,170,000

1,170,000

4,680,000

Total budgeted SG&A

2,850,000

2,370,000

3,570,000

3,090,000

11,880,000

Total variable SG&A

Fixed SG&A

from "sales" sheet

ABC's Juices P Ltd

Cash Budget
For the Year Ending March 31, 2012
1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Annual Recap

Beginning cash balance

Plus: Customer receipts

1,000,000
8,980,000

1,000,000
5,440,000

1,000,000
8,000,000

1,000,000
8,320,000

1,000,000
30,740,000

Available cash

9,980,000

6,440,000

9,000,000

9,320,000

31,740,000

Direct materials

2,341,440

2,349,540

3,119,640

2,959,280

10,769,900

Direct labor

243,750

234,375

356,250

312,500

1,146,875

Factory overhead

333,125

324,922

431,563

393,281

1,482,891

SG&A

2,850,000

2,370,000

3,570,000

3,090,000

11,880,000

250,000

Less: Disbursements

Tax paid

232,500

465,000

465,000

387,500

1,550,000

Total disbursements

6,000,815

5,993,837

7,942,453

7,142,561

26,829,666

Cash surplus/(deficit)
Planned Borrowings/Investments:

3,979,185

446,163

1,057,548

2,177,439

4,910,334

553,837

553,837

Advance Tax paid

Planned Borrowing

Planned Investment

Planned Repayment of Loan

Interest on Loan
Interest on investments received

Ending cash balance

(3,129,185)

150,000

1,000,000

1,000,000

(57,548)

(590,372)

(3,777,104)

(553,837)

(553,837)

(33,230)

(33,230)
150,000

1,000,000

1,000,000

ABC's Juices P Ltd

Budgeted Income Statement
For the Year Ending March 31, 2012

Notes

Sales

28,800,000

from "sales" sheet

Cost of goods sold

Beginning finished goods

778,024

Cost of goods manufactured

13,596,891

Goods available for sale

14,374,914

Less: Ending finished goods inventory

(1,037,365)

from "finished goods" sheet

(13,337,549)

Gross profit

15,462,451

Interest income

527,710

SG&A

(11,880,000)

Income before interest and taxes

4,110,161

Interest

Income before taxes

4,076,931

Income taxes

(1,345,387)

Net income

2,731,544

Cost of goods sold

from "SG&A" sheet

(33,230)

from "cash" sheet

ABC's Juices P Ltd

Budgeted Balance Sheet
As on March 31, 2010-11 and 2011-12
2011-12

Notes
2010-11

ASSETS
Current Assets
Cash
Accounts receivable
Interest receivable
Raw materials inventory
Finished goods inventory
Advance tax
Investments
Property, Plant, & Equipment

1,000,000.00
2,560,000.00

527,710.42
312,000.00
1,037,364.95

Plant and equipment

Less: Accumulated depreciation
Total Assets
Liabilities

1,000,000.00
(578,125.00)
421,875.00
12,686,054.53

1,000,000.00
(437,500.00)
562,500.00
10,094,723.71

Accounts payable
Provision of tax
Stockholders' equity

574,400.00
1,345,387.17

510,000.00
1,550,000.00

Share capital
Retained earnings
Total liabilities and equity

3,000,000.00
7,766,267.36

5,437,075.37
1,550,000.00
5,277,104.16

1,000,000.00
4,500,000.00
150,000.00
304,200.00
778,023.71

from "cash" sheet

from "sales" sheet

6,732,223.71
1,300,000.00
1,500,000.00

Current liabilities
1,919,787.17

10,766,267.36
12,686,054.53

3,000,000.00
5,034,723.71

2,060,000.00

8,034,723.71
10,094,723.71