Exercise 1:

product A Q1 Q2
product A 15,000 16,000
selling price 8,000 8,000
revenue A 120,000,000 128,000,000
revenue B
Q1 Q2
product B 12000 11500
selling price 20,000 20,000
revenue B 240,000,000 230,000,000
cash collection estimate MUST HAVE VAT
Revenue collected in cash
Q1 384,000,000 57,600,000
Q2 382,300,000 57,345,000
Q3 409,400,000 61,410,000
Q4 433,100,000 64,965,000
total 1,608,800,000 241,320,000

Excercise 2:

purchase estimate production estimate only quantity of product

Q1/N
1
Quantity of products sold 1000
3 Ending of period 100
2
Beginning of period 500
4=1+3-2 Product to buy 600

Payment forecast
purchase price after tax 110
Q1/N
1 Product to buy 600
2 60% of the purchase price 39600
3 paid in the following quarter
4 Debt from the previous year 100000
Total 139600

Exercise 3:

production estimate
Month 7 8
Sales volume 30,000 45,000
ending inventory 4,500 6,000
beginning inventory 3,000 4,500
production estimate 31,500 46,500
direct material cost estimate
Month 7 8
production estimate 31,500 46,500
quantity of product 3 3
price per kg 2,000 2,000
direct material cost estimate 189,000,000 279,000,000

direct labor cost estimate

Month 7 8
Product estimate 31,500 46,500
Time per product 2 2
price per hour 15,000 15,000
direct labor cost estimate 945,000,000 1,395,000,000

overhead cost estimate

Month 7
1 Product estimate 31,500
2 Time per product 2
3 salary per hour 2000
4=1*2*3 variable cost 126,000,000
5 fixed overhead 50000000
6 overhead cost estimate 176,000,000

Exercise 4:

Selling expense estimate

Q1 Q2
Sales forecast 800 1,000
sales commission 8,000 10,000
transportation cost 12,000 15,000
sales staff cost 20,000 25,000
advertising expenses 80,000 80,000

depreciation of sales related

assets 100,000 100,000
total 220,000 230,000

administrative expenses
Q1 Q2
Sales forecast 800 1,000
variable administrative costs 24,000 30,000
administrative salaries 20000 20000
company wide property insuranc 50000 50000
company office expense 10000 10000
company wide depreciation 60000 60000
total 164,000 170,000

Q1 Q2
selling expenses 220,000 230,000
administrative expenses 164,000 170,000
total selling and administrative
costs 384,000 400,000
paid within the period 307,200 320,000
paid in the following period 76,800 80,000
total cash expenditure 768,000 800,000
 Q3 Q4 Year
15,500 17,000 63,500 REVENUE SEPARATE VA
8,000 8,000
124,000,000 136,000,000 508,000,000

Q3 Q4 Year
13000 13500 50000
20,000 20,000
260,000,000 270,000,000 1,000,000,000

on credit in the current quarter in the next quarter receivables at the end
307,200,000 215,040,000 28,420,000
305,840,000 214,088,000 85,635,200 5,180,000
327,520,000 229,264,000 91,705,600
346,480,000 242,536,000 97,014,400
1,287,040,000 900,928,000 274,355,200 33,600,000

ty of product

Q2/N Q3/N Q4/N Q1/N+1

2000 2500 2500 2000

200 250 250 200

100 200 250 250

2100 2550 2500 1950

Q2/N Q3/N Q4/N Q1/N+1

2100 2550 2500 1950
138600 168300 165000 128700
26400 92400 112200 110000

165000 260700 277200 238700

9
60,000
5,000
6,000
59,000
 9
59,000
3
2,000
354,000,000

9
59,000
2
15,000
1,770,000,000

8 9
46,500 59,000
2 2
2000 2000
186,000,000 236,000,000
50000000 50000000
236,000,000 286,000,000

Q3 Q4
1,200 1,400
12,000 14,000
18,000 21,000
30,000 35,000
100,000 100,000

100,000 100,000
260,000 270,000

Q3 Q4
1,200 1,400
36,000 42,000
25000 25000
60000 60000
15000 15000
60000 60000
196,000 202,000

Q3 Q4
260,000 270,000
196,000 202,000

456,000 472,000
364,800 377,600
91,200 94,400
912,000 944,000
REVENUE SEPARATE VAT