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    Direct Materials

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    AqilahAzmi
    The document provides a list of direct materials used in fruit juice production including their costs per unit. It also lists direct labor wages and manufacturing overhead costs. The document then provides budgets for production, direct materials, direct labor, manufacturing overhead, selling and administration, and cash for the months of January, February and March. The sales, cost of goods sold, gross margin, expenses and net income are projected for the quarter in the income statement. The balance sheet shows current and non-current assets.

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    Direct Materials

    Uploaded by

    AqilahAzmi
    42 views13 pages
    The document provides a list of direct materials used in fruit juice production including their costs per unit. It also lists direct labor wages and manufacturing overhead costs. The document then provides budgets for production, direct materials, direct labor, manufacturing overhead, selling and administration, and cash for the months of January, February and March. The sales, cost of goods sold, gross margin, expenses and net income are projected for the quarter in the income statement. The balance sheet shows current and non-current assets.

    Original Description:

    Budgeting - CVP Analysis

    Original Title

    Financial

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    © © All Rights Reserved

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    The document provides a list of direct materials used in fruit juice production including their costs per unit. It also lists direct labor wages and manufacturing overhead costs. The document then provides budgets for production, direct materials, direct labor, manufacturing overhead, selling and administration, and cash for the months of January, February and March. The sales, cost of goods sold, gross margin, expenses and net income are projected for the quarter in the income statement. The balance sheet shows current and non-current assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    42 views13 pages

    Direct Materials

    Uploaded by

    AqilahAzmi
    The document provides a list of direct materials used in fruit juice production including their costs per unit. It also lists direct labor wages and manufacturing overhead costs. The document then provides budgets for production, direct materials, direct labor, manufacturing overhead, selling and administration, and cash for the months of January, February and March. The sales, cost of goods sold, gross margin, expenses and net income are projected for the quarter in the income statement. The balance sheet shows current and non-current assets.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 13

    Direct Materials

    RM

    Variable/Fixed

    Mango (per kg)


    Orange (per kg)
    Watermelon (per kg)
    Banana (per kg)
    Grape (per kg)
    Strawberry (per kg)
    Transparent Cups (per 100 cups)
    Sugar (per kg)
    Plain water (1 litre)
    Ice cubes (per kg)
    Straw

    3.00
    1.00
    2.50
    4.00
    8.00
    5.00
    20.00
    3.50
    1.00
    3.00
    3.50

    Variable
    Variable
    Variable
    Variable
    Variable
    Variable
    Variable
    Variable
    Variable
    Variable
    Variable

    Total Direct Materials

    54.50

    Direct Labor
    Wages (per hour)
    Manufacturing Overhead
    Indirect material - Ice Storage
    Indirect material - Blender

    1.00

    Variable

    40.00
    35.00
    75.00

    Fixed
    Fixed

    Fruit Juice

    Any type of fruit


    Water
    Sugar
    Ice cube

    Qty
    3kg
    2 litre
    250gram
    2kg

    Per unit
    Transparent cup
    Straw
    Total DM

    1 piece
    1 piece

    DM
    DL
    VMOH
    FMOH
    Product Cost

    RM
    12.7
    2
    0.875
    1.50
    17.075

    15
    1.138333
    0.20
    0.01
    1.348333

    1.348333
    0.10
    0.2
    0.25
    1.898333

    Fixed Cost:
    Transportation
    Electricity
    Total

    RM
    200.00
    300
    500

    75
    1000
    0.075
    1.5483333333
    0.5

    1.6483333333

    Sales Budget
    Month
    Budgeted sales (units)
    x Sales price (RM)
    Total Sales Revenue

    January
    1000
    3
    RM3,000

    February
    1000
    3
    RM3,000

    January
    1000
    0
    1000
    0
    1000

    February
    1000
    0
    1000
    0
    1000

    Production Budget
    Month
    Budgeted sales (units)
    Add: desired ending inventory
    Less: desired beginning inventory
    Required production (units)

    March
    1100
    3
    RM3,300

    Total Quarter
    3100
    3
    RM9,300

    March
    1100
    0
    1100
    0
    1100

    Total Quarter
    3100
    0
    3100
    0
    3100

    Direct Material Budget

    January
    February
    March
    Production Requirement
    Add: Desired Ending Inventory
    Total Requirement
    Deduct: Expected Ending Inventory
    Production Requirement (units)

    Mango
    30
    30
    30
    90
    0
    90
    0
    90

    Orange
    40
    40
    50
    130
    0
    130
    0
    130

    Watermelon
    6
    6
    6
    18
    0
    18
    0
    18

    January
    February
    March
    Production Requirement
    Add: Desired Ending Inventory
    Total Requirement
    Deduct: Expected Ending Inventory
    Production Requirement (units)

    Banana
    35
    35
    40
    110
    0
    110
    0
    110

    Grape
    5
    5
    5
    15
    0
    15
    0
    15

    Strawberry
    5
    5
    5
    15
    0
    15
    0
    15

    January
    February
    March
    Production Requirement
    Add: Desired Ending Inventory
    Total Requirement
    Deduct: Expected Ending Inventory
    Production Requirement (units)

    Transparent Cups
    10
    10
    11
    31
    0
    31
    0
    31

    Sugar
    20
    20
    25
    65
    0
    65
    0
    65

    Plain Water
    250
    250
    300
    800
    0
    800
    0
    800

    Ice cubes
    300
    300
    330
    930
    0
    930
    0
    930

    Straw
    300
    300
    330
    930
    0
    930
    0
    930

    Anticipated
    Price (RM)
    Mango (per kg)
    Orange (per kg)
    Watermelon (per kg)
    Banana (per kg)
    Grape (per kg)
    Strawberry (per kg)
    Transparent Cups
    Straw
    Sugar (per kg)
    Plain water (1 litre)
    Ice cubes (per kg)
    Production Requirement (RM)

    3.00
    1.00
    2.50
    4.00
    8.00
    5.00
    0.20
    0.01
    3.50
    1.00
    3.00

    3.00
    1.00
    2.50
    4.00
    8.00
    5.00
    0.20
    0.01
    3.50
    1.00
    3.00

    January
    (1000 units to
    be produced)
    30
    90
    40
    40
    6
    15
    35
    140
    5
    40
    5
    25
    1000
    200
    1000
    10
    20
    70
    150
    150
    150
    450
    RM1,230.00

    3.00
    1.00
    2.50
    4.00
    8.00
    5.00
    0.20
    0.01
    3.50
    1.00
    3.00

    February
    (1000 units to
    be produced)
    30
    90
    40
    40
    6
    15
    35
    140
    5
    40
    5
    25
    1000
    200
    1000
    10
    20
    70
    150
    150
    150
    450
    RM1,230.00

    3.00
    1.00
    2.50
    4.00
    8.00
    5.00
    0.20
    0.01
    3.50
    1.00
    3.00

    March
    (1100 units to
    be produced)
    30
    90
    50
    50
    6
    15
    40
    160
    5
    40
    5
    25
    1100
    220
    1100
    11
    25
    87.5
    150
    150
    150
    450
    RM1,298.50

    Direct Labor Budget

    Required production (unit)


    x DL per unit
    DL hours required
    x Hourly wage rate
    Total DL costs (RM)

    January
    1000
    0.10
    100
    1
    RM100.00

    Manufacturing Overhead Budget

    Direct Labor required


    x Variable Manufacturing Overhead rate
    Variable Manufacturing Overhead
    Fixed Manufacturing Overhead
    Total Manufacturing Overhead

    January
    RM100.00
    RM0.02
    RM2.00
    500
    RM502.00

    Selling and Administration Budget

    Sales in units
    x Variable selling and administrative
    Total Variable Selling and Admin Expense
    Add: Fixed selling and administration exp
    Depreciation
    Advertising
    Executives salaries
    Road Tax
    Total Fixed Selling and Admin expense
    Total Selling and Administrative expense

    January
    1000
    0.20
    200
    350
    70
    200
    7
    627
    RM827.00

    February
    1000
    0.10
    100
    1
    RM100.00

    March
    1100
    0.10
    110
    1
    RM110.00

    February
    RM100.00
    RM0.02
    RM2.00
    500
    RM502.00

    March
    RM110.00
    RM0.02
    RM2.20
    500
    RM502.20

    February
    1000
    0.20
    200

    March
    1100
    0.20
    220

    350
    70
    200
    7
    627
    RM827.00

    350
    70
    200
    7
    627
    RM847.00

    Cash Budget

    Beginning Cash Balance


    Add: Cash Collection
    Total Cash Available
    Less: Cash Disbursements
    Direct Materials
    Direct Labors
    Manufacturing Overhead
    Selling and Administration
    Total Disbursement
    Cash Available Over Disbursement

    January
    RM5,000
    3000
    RM8,000.00

    February
    RM5,341.00
    3000
    RM8,341.00

    1230.00
    100.00
    502.00
    827.00
    2659.00
    RM5,341.00

    1230.00
    100.00
    502.00
    827.00
    2659.00
    RM5,682.00

    March
    RM5,682.00
    3300
    RM8,982.00
    1298.50
    110.00
    502.20
    847.00
    2757.70
    RM6,224.30

    SOCI
    RM

    RM
    9300
    5580
    3720
    2501
    1,219.00

    RM

    RM

    Sales Revenue
    Less: Cost of Goods Sold
    Gross Margin
    Less: Selling and Admin
    Net Income

    SOFP
    CURRENT ASSET
    Cash
    Raw Material Inventory
    Finished Goods Inventory
    Total Current Assets
    NON-CURRENT ASSETS
    Motorcycle
    Less: Depreciation
    Total Assets

    5000
    0
    0
    5000

    7000
    1050
    5950
    10950

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