Budgeting

Question 1

Sales budget

Answer 1

Units sold
Unit selling price
Sales budget

Question 2

Purchases budget

Answer 2

Units sold
+ ending inv
- opening inv
Units to be purchased
Purchase unit cost
Purchase budget ($)

Question 3

DM budget

Answer 3

Production in units
Cost per unit
Materials needed for prod
+ ending desired inv
Total needed
- opening inv
Materials to be purchased

Question 4

DL budget

Answer 4

production in units
DL hours
Labour hours required
DL rate
Total DL needed

Question 5

Production budget

Answer 5

budgeted sales
+ ending inv
- opening inv
Production budget

Question 6

Cash budget

Answer 6

Beginning cash balance
+ total collections
Cash available
- total disbursements
cash surplus/(deficit) before financing
borrowing needed
loan principal paid
loan interest paid
Ending cash balance