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Excel Homework

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73 views

Excel Homework

Uploaded by

api-248528639
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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MS Excel Homework #9-65 Requirement I Osborne Manufacturing Cash Collections Budget January February March Quarter Cash Sales

20880 21600 22560 65040 Credit Sales 57600 83520 86400 227520 Total cash collections $ 78,480 $ 105,120 $ 108,960 $ 292,560

Jorge J. Luk Jr ACCOUNTING 2020-002 Managerial Accounting 11/12/2013

MS Excel Homework #9-65 Requirement II Osborne Manufacturing Production Budget January February Unit Sales 8700 9000 Plus: Desired Ending Inventory 900 940 Total Needed 9600 9940 Minus: Beginning Inventory 870 900 Units to Prouce 8730 9040

March Quarter 9400 27100 910 910 10310 28010 940 870 9370 27140

MS Excel Homework #9-65 Requirement III Osborne Manufacturing Direct Materials Budget January February March
Units to be produced x Pounds of DM needed per unit Quantity (pounds) needed for production add: Desired Ending Inventory of DM Total quantity (pounds) needed Substract: Beginning Inventory of DM Quantity (pounds) to purchase x cost per pound Total Cost of DM Purchases 8730 3 26190 5425 31615 -5238 26377 2 52,754 $ 9040 3 27120 5622 32742 -5424 27318 2 54,636 $ 9370 3 28110 5466 33576 -5622 27954 2 55,908 $

Quarter
27140 3 81420 5466 86886 -5238 81648 2 163,296

MS Excel Homework #9-65 Requirement IV Cash Payments for Direct MaterialsPurchases Budget January February March Quarter December purchases (from APs) $ 42,800 $ 42,800 January Purchases 10551 42203 52754 February Purchases 10927 47059 57986 March Purchases 11182 11182 Total Cash PMTS for DM purchases $ 53,351 $ 53,130 $ 58,241 $ 164,722

MS Excel Homework #9-65 Requirement V Cash Payments for Conversion Costs Budget January February March Quarter Variable Conversion Costs $ 9,603 9944 10307 $ 29,854 Rent (fixed) 4500 4500 4500 13500 Other fixed Manufacturing OH 2800 2800 2800 8400 Total PMTS for conversion costs $ 16,903 $ 17,244 $ 17,607 $ 51,754

MS Excel Homework #9-65 Requirement VI Cash Payments for operating expenses budget January February March Quarter Variable Operating Expenses 11310 11700 12220 35230 Fixed Operating Expenses 1800 1800 1800 5400 Total PMTS for Operating Expenses $ 13,110 $ 13,500 $ 14,020 $ 40,630

MS Excel Homework #9-65 Requirement VII Combined Cash Budget January February March Quarter $ 4,640 $ 3,756 $ 4,402 $ 4,640 78480 105120 108960 292560 $ 83,120 $ 108,876 $ 113,362 $ 297,200 53351 16903 13110 6000 89364 -6244 10000 53130 17244 13500 12800 10800 107474 1402 3000 9000 720 9720 -1826 58241 17607 14020 15600 105468 7894 $ $ $ $ $ $ 164,722 51,754 40,630 34,400 302,306 3,052 13000 -9000 -720 6322 6,322

Cash Balance, Beginning Add: cash collections Total cash available Substract: Cash PMTS DM Purchases Conversion Costs Operating expenses Equipment Purchases Tax PMT Total Disbursements Ending Cash balance before financing Financing: Burrowings Repayments Interest Payments Total Financing Cash Balance, Ending

10000 $ 3,756 $

3000 4,402

MS Excel Homework #9-65 Requirement VIII

Budgeted Manufacturing Cost per unit Direct Materials cost per unit $
Conversion costs per unit Fixed Manufacturing OH per unit Budgeted Cost of Manufacturing each unit

6.00
1.10 0.80 7.90

MS Excel Homework #9-65 Requirement IX Budgeted Income Statement For the Quarter Ended March 31st $

Sales Cost Of Goods Sold Gross Profit Operating expenses Depreciation expense Operating Income Substract: Interest Expense Substract: provision for income taxes Net Income

368,440 214090 154350 51754 4600 97996 720 29183 68,093

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