Scribd
Upload
53 views6 pages

Solar-Abotan Engineering LTD Sales Budget

The document presents the sales, production, materials, labor, and overhead budgets for Solar-Abotan Engineering Ltd for the year ending 2012. It includes budgets for sales quantities and prices, materials usage and purchases, labor hours and costs, production overhead allocation, computation of unit costs, and projected income statement. The key products are Dade, Abo, and Tile with total projected sales of GH¢1,070,000 and net profit of GH¢180,500 to be distributed among the three products.

Uploaded by

Rosetta Renner
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
53 views6 pages

Solar-Abotan Engineering LTD Sales Budget

The document presents the sales, production, materials, labor, and overhead budgets for Solar-Abotan Engineering Ltd for the year ending 2012. It includes budgets for sales quantities and prices, materials usage and purchases, labor hours and costs, production overhead allocation, computation of unit costs, and projected income statement. The key products are Dade, Abo, and Tile with total projected sales of GH¢1,070,000 and net profit of GH¢180,500 to be distributed among the three products.

Uploaded by

Rosetta Renner
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 6

SOLAR-ABOTAN ENGINEERING LTD

SALES BUDGET
PRODUCT
DADE
ABO
TILE
GRAND TOTAL
SALES QTY
3000
7000
5000
SALES PRICE GH
60.00
70.00
80.00
TOTAL SALES
180,000.00
490,000.00
400,000.00 1,070,000.00

PRODUCTION BUDGET
PRODUCT
DADE
ABO
TILE
SALES QTY
3,000
7,000
ADD CLOSING STOCK
1,100
3,300

5,000
2,200

TOTAL PRODUCT NEEDED


LESS OPENNING STOCK
REQUIRED PRODUCT

7,200
2,000
5,200

PRODUCT
DADE
ABO
TILE
TOTAL USAGE

A1
UNITS

4,100
1,000
3,100

10,300
3,000
7,300

MATERIALS USAGE BUDGET


COMPONENT
B2
C3
D4
UNITS
UNITS
UNITS
GRAND TOTALS
15,500
9,300
3,100
6,200
34,100
29,200
29,200
14,600
21,900
94,900
15,600
10,400
5,200
26,000
57,200
60,300
48,900
22,900
54,100
186,200

MATERIALS PURCHASE BUDGET


COMPONENT
A1
BUDGETD USAGE
ADD CLOSING STOCK

B2

C3

D4

GRAND TOTAL

60,300
32,000

48,900
16,000

22,900
8,000

54,100
24,000

TOTAL MATERIAL NEEDED 92,300


LESS OPENNING STOCK
40,000

64,900
20,000

30,900
10,000

78,100
30,000

44,900
3.00
134,700.00

20,900
4.00
83,600.00

48,100
5.00
240,500.00

REQTIRED PUCHASES
UNIT COST GH
TOTAL PURCHASE

52,300
2.00
104,600.00

563,400.00

LABOUR BUDGET
LABOUR UTILIZATION BUDGET
BUDGET
ASSEMBLE
MIXER
TOTAL
PRODUCT
PRODUCTION
HOURS
HOURS
HOURS
DADE
3,100
9,300
4,650
ABO
7,300
29,200
14,600
TILE
5,200
26,000
13,000
TOTAL LABOUR HOURS
64,500
32,250
96,750

LABOUR COST
PRODUCT
DADE
ABO
TILE
TOTAL

ASSEMBLE
HOURS
GH0.50
9,300
4,650.00
29,200
14,600.00
26,000
13,000.00
64,500
32,250.00

OVERHEAD ABSORPTION RATE

MIXER
HOURS
GH0.60
GRAND TOTAL
4,650
2790
7,440.00
14,600
8760
23,360.00
13,000
7800
20,800.00
32,250
19,350
51,600.00

BUDGETED OVERHEADS
BUDGETED LABOUR HOURS

77,400
96,750

O. A. R IS GH O.80

PRODUCT
DADE
ABO
TILE
TOTAL

MATERIALS
A1
B2
C3
D4

ABSORPTION OF PRODUCTION OVERHEADS


HRS
UNITS
TOTAL HRS
O. A. R GH
4.5
3,100
13950
0.80
6.0
7,300
43800
0.80
7.5
5,200
39000
0.80

FINISHED STOCK BUDGET


COMPUTATION OF UNIT COST
PRODUCT
DADE
ABO
TILE
10.00
8.00
6.00
9.00
12.00
6.00
4.00
8.00
4.00
10.00
15.00
25.00

COST
11,160.00
35,040.00
31,200.00
77,400.00

TOTAL COST

33.00

43.00

41.00

PRODUCT
DIRECT LABOUR COST
DADE
ASSEMBLE
MIXER
TOTAL
OVERHEAD

MATERIALS
LABOUR
PROD'N O/H
TOTAL UNIT COST

1.50
0.90
2.40
3.60

ABO
2.00
1.20
3.20
4.80

TILE
2.50
1.50
4.00
6.00

COMPUTATION OF UNIT COST


PRODUCT
DADE
ABO
TILE
33.00
43.00
41.00
2.40
3.20
4.00
3.60
4.80
6.00
39.00
51.00
51.00

FINISED STOCK VALUE


PRODUCT
QTY
UNIT COST
DADE
1,100
39
ABO
3,300
51
TILE
2,200
51
TOTAL AS CLOSING STK

VALUE
42,900
168,300
112,200
323,400

PRODUCT
QTY
DADE
1,000
ABO
3,000
TILE
2,000
TOTAL AS OPENNING STK

UNIT COST
39
51
51

VALUE
39,000
153,000
102,000
294,000

EXPENSES
160,500.00
160,500.00
160,500.00

VALUE
27,000.00
73,500.00
60,000.00
160,500.00

SELLING AND DISTRIBUTION COST


RODUCT
BASIS' OF SHARING
DADE
0.168224299
ABO
0.457943925
TILE
0.373831776

BUDGETED INCOME STATEMENT FOR YEAR ENDING 2012


GH
GH
SALES
1,070,000.00
LESS COST OF SALES
OPENNING STOCK
330,000.00
ADD PURCHASES
563,400.00
LESS CLOSING STOCK
(264,000.00)
AVALIABLE SALES
LABOUR COST
PRODUCTION COST

629,400.00
51,600.00
77,400.00

758,400.00
OPENNING STOCK OF FINISHED GOODS294,000.00
LESS CLOSING STOCK OF FINISHED GOOD
(323,400.00)
COST OF SALES
GROSS PROFIT
LESS
SELLING & DISTRIBUTION COST
NET PROFIT

PRODUCT
DADE
ABO
TILE

729,000.00
341,000.00
(160,500.00)
180,500.00

BASIS' OF SHARING
PROFIT
VALUE
0.168224299 180,500.00
30,364.49
0.457943925 180,500.00
82,658.88
0.373831776 180,500.00
67,476.64
180,500.00

GRAND TOTALS

GRAND TOTAL

GRAND TOTAL

You might also like