Formulas 2 Flashcards
1
Q
sales budget
A
expected sales x exp SP
2
Q
Production budget
A
exp unit sales add desired ending fg units total required sales less beg fg units required production units
3
Q
DM Budget
A
Units to be produced dm per unit total amount needed for production add: desired ending dm total materials required less beg dm direct material purchases cost per unit total cost of material purchases
4
Q
DL budget
A
Units to be produced DL (hours per unit) total required DL hours DL cost per hour Total DL cost
5
Q
MOH Budget
A
Variable costs - list total variable costs fixed csots total fixed costs total manu oh DL hours man overhead rate/ dl hours
6
Q
Selling and admin budget
A
expected sales in units variable expenses sales commission ($x/unit) freight out ($x/unit) total variable expenses fixed expenses advertising sales office salaries depreciation property taxes and insurance total fixed expenses total selling and admin expenses
7
Q
Cash budget
A
Opening Cash balance add: cash receipts collection from customers sales of marketable securtites total receipts total cash available less: disbursements DM DL MOH Selling and admin total disbursements excess (deficiency) of avaialbe cash financing borrowing repayment interest total financing ending cash balance
