SALES BUDGET: |
|
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
TOTAL |
|
|
|
|
|
April: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in April |
290 |
120 |
230 |
|
Total Sales in April |
£34,800 |
£24,960 |
£11,730 |
£71,490 |
|
|
|
|
|
May: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in May |
410 |
100 |
120 |
|
Total Sales in May |
£49,200 |
£20,800 |
£6,120 |
£76,120 |
|
|
|
|
|
TOTAL SALES |
£84,000 |
£45,760 |
£17,850 |
£1,47,610 |
|
|
|
|
|
|
|
|
|
|
PRODUCTION BUDGET: |
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
|
|
|
|
|
|
April: |
|
|
|
|
Total Sales in April |
290 |
120 |
230 |
|
Add: Closing Stock |
87 |
36 |
69 |
|
Less: Opening Stock |
63 |
36 |
90 |
|
Total Production in April |
314 |
120 |
209 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
410 |
100 |
120 |
|
Add: Closing Stock |
123 |
30 |
36 |
|
Less: Opening Stock |
87 |
36 |
69 |
|
Total Production in May |
446 |
94 |
87 |
|
|
|
|
|
|
TOTAL PRODUCTION |
760 |
214 |
296 |
|
|
|
|
|
|
MATERIAL USAGE BUDGET: |
|
|
|
April |
May |
Particulars |
Wood |
Plastic |
Wood |
Plastic |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Usage per unit (cu ft.) |
4 |
2 |
4 |
2 |
Total Usage for Chairs (cu ft.) |
1256 |
628 |
1784 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Usage per unit (cu ft.) |
5 |
3 |
5 |
3 |
Total Usage for Desks (cu ft.) |
600 |
360 |
470 |
282 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Usage per unit (cu ft.) |
2 |
1 |
2 |
1 |
Total Usage for Stools (cu ft.) |
418 |
209 |
174 |
87 |
|
|
|
|
|
TOTAL MATERIAL USAGE |
2274 |
1197 |
2428 |
1261 |
|
|
|
|
|
MATERIAL PURCHASE BUDGET: |
|
|
|
|
|
|
Particulars |
Woods |
Plastic |
TOTAL |
|
|
|
|
|
|
April: |
|
|
|
|
Total Usage on April |
2274 |
1197 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
142 |
81 |
|
|
Purchase Volume in April (cu ft.) |
2682 |
1416 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in April |
£32,184 |
£9,912 |
£42,096 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
2428 |
1261 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
550 |
300 |
|
|
Purchase Volume in May (cu ft.) |
2428 |
1261 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in May |
£29,136 |
£8,827 |
£37,963 |
|
|
|
|
|
|
TOTAL MATERIAL PURCHASE |
£61,320 |
£18,739 |
£80,059 |
|
|
|
|
|
|
LABOUR UTILISATION BUDGET: |
|
|
April |
May |
Particulars |
Unskilled Labour Hour |
Skilled Labour Hours |
Unskilled Labour Hour |
Skilled Labour Hour |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Labour Hour required per unit |
3 |
2 |
3 |
2 |
Total Labour Hr for Chairs |
942 |
628 |
1338 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Labour Hour required per unit |
5 |
8 |
5 |
8 |
Total Labour Hr for Desks |
600 |
960 |
470 |
752 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Labour Hour required per unit |
2 |
0 |
2 |
0 |
Total Labour Hr for Stools |
418 |
0 |
174 |
0 |
|
|
|
|
|
TOTAL LABOUR HOURS |
1960 |
1588 |
1982 |
1644 |
Rate per Laour Hour |
£7.25 |
£12 |
£7.25 |
£12 |
|
|
|
|
|
TOTAL LABOUR UTILISATION |
£14,210 |
£19,056 |
£14,370 |
£19,728 |
|
|
|
|
|
BUDGETED PROFIT STATEMENT: |
|
|
|
|
|
|
Particulars |
April |
May |
TOTAL |
|
|
|
|
|
|
Total Sales |
£71,490 |
£76,120 |
£1,47,610 |
|
Cost of Material Consumed: |
|
|
|
|
Woods |
-£27,288 |
-£29,136 |
-£56,424 |
|
Plastic |
-£8,379 |
-£8,827 |
-£17,206 |
|
Labor Cost: |
|
|
|
|
Unskilled Labours |
-£14,210 |
-£14,370 |
-£28,580 |
|
Skilled Labours |
-£19,056 |
-£19,728 |
-£38,784 |
|
Production Overhead |
-£3,548 |
-£3,626 |
-£7,174 |
|
|
|
|
|
|
BUDGETED PROFIT |
-£991 |
£434 |
-£558 |
|
|
|
|
|
|
SALES BUDGET: |
|
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
TOTAL |
|
|
|
|
|
April: |
|
|
|
|
Selling Price per Unit |
£144 |
£208 |
£51 |
|
Sales Volume in April |
290 |
120 |
230 |
|
Total Sales in April |
£41,760 |
£24,960 |
£11,730 |
£78,450 |
|
|
|
|
|
May: |
|
|
|
|
Selling Price per Unit |
£144 |
£208 |
£51 |
|
Sales Volume in May |
410 |
100 |
120 |
|
Total Sales in May |
£59,040 |
£20,800 |
£6,120 |
£85,960 |
|
|
|
|
|
TOTAL SALES |
£1,00,800 |
£45,760 |
£17,850 |
£1,64,410 |
|
|
|
|
|
|
|
|
|
|
PRODUCTION BUDGET: |
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
|
|
|
|
|
|
April: |
|
|
|
|
Total Sales in April |
290 |
120 |
230 |
|
Add: Closing Stock |
87 |
36 |
69 |
|
Less: Opening Stock |
63 |
36 |
90 |
|
Total Production in April |
314 |
120 |
209 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
410 |
100 |
120 |
|
Add: Closing Stock |
123 |
30 |
36 |
|
Less: Opening Stock |
87 |
36 |
69 |
|
Total Production in May |
446 |
94 |
87 |
|
|
|
|
|
|
TOTAL PRODUCTION |
760 |
214 |
296 |
|
|
|
|
|
|
MATERIAL USAGE BUDGET: |
|
|
|
April |
May |
Particulars |
Wood |
Plastic |
Wood |
Plastic |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Usage per unit (cu ft.) |
4 |
2 |
4 |
2 |
Total Usage for Chairs (cu ft.) |
1256 |
628 |
1784 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Usage per unit (cu ft.) |
5 |
3 |
5 |
3 |
Total Usage for Desks (cu ft.) |
600 |
360 |
470 |
282 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Usage per unit (cu ft.) |
2 |
1 |
2 |
1 |
Total Usage for Stools (cu ft.) |
418 |
209 |
174 |
87 |
|
|
|
|
|
TOTAL MATERIAL USAGE |
2274 |
1197 |
2428 |
1261 |
|
|
|
|
|
MATERIAL PURCHASE BUDGET: |
|
|
|
|
|
|
Particulars |
Woods |
Plastic |
TOTAL |
|
|
|
|
|
|
April: |
|
|
|
|
Total Usage on April |
2274 |
1197 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
142 |
81 |
|
|
Purchase Volume in April (cu ft.) |
2682 |
1416 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in April |
£32,184 |
£9,912 |
£42,096 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
2428 |
1261 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
550 |
300 |
|
|
Purchase Volume in May (cu ft.) |
2428 |
1261 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in May |
£29,136 |
£8,827 |
£37,963 |
|
|
|
|
|
|
TOTAL MATERIAL PURCHASE |
£61,320 |
£18,739 |
£80,059 |
|
|
|
|
|
|
LABOUR UTILISATION BUDGET: |
|
|
April |
May |
Particulars |
Unskilled Labour Hour |
Skilled Labour Hours |
Unskilled Labour Hour |
Skilled Labour Hour |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Labour Hour required per unit |
3 |
2 |
3 |
2 |
Total Labour Hr for Chairs |
942 |
628 |
1338 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Labour Hour required per unit |
5 |
8 |
5 |
8 |
Total Labour Hr for Desks |
600 |
960 |
470 |
752 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Labour Hour required per unit |
2 |
0 |
2 |
0 |
Total Labour Hr for Stools |
418 |
0 |
174 |
0 |
|
|
|
|
|
TOTAL LABOUR HOURS |
1960 |
1588 |
1982 |
1644 |
Rate per Laour Hour |
£7.25 |
£12 |
£7.25 |
£12 |
|
|
|
|
|
TOTAL LABOUR UTILISATION |
£14,210 |
£19,056 |
£14,370 |
£19,728 |
|
|
|
|
|
BUDGETED PROFIT STATEMENT: |
|
|
|
|
|
|
Particulars |
April |
May |
TOTAL |
|
|
|
|
|
|
Total Sales |
£78,450 |
£85,960 |
£1,64,410 |
|
Cost of Material Consumed: |
|
|
|
|
Woods |
-£27,288 |
-£29,136 |
-£56,424 |
|
Plastic |
-£8,379 |
-£8,827 |
-£17,206 |
|
Labor Cost: |
|
|
|
|
Unskilled Labours |
-£14,210 |
-£14,370 |
-£28,580 |
|
Skilled Labours |
-£19,056 |
-£19,728 |
-£38,784 |
|
Production Overhead |
-£3,548 |
-£3,626 |
-£7,174 |
|
|
|
|
|
|
BUDGETED PROFIT |
£5,969 |
£10,274 |
£16,243 |
|
|
|
|
|
|
SALES BUDGET: |
|
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
TOTAL |
|
|
|
|
|
April: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in April |
290 |
120 |
230 |
|
Total Sales in April |
£34,800 |
£24,960 |
£11,730 |
£71,490 |
|
|
|
|
|
May: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in May |
410 |
100 |
150 |
|
Total Sales in May |
£49,200 |
£20,800 |
£7,650 |
£77,650 |
|
|
|
|
|
TOTAL SALES |
£84,000 |
£45,760 |
£19,380 |
£1,49,140 |
|
|
|
|
|
|
|
|
|
|
PRODUCTION BUDGET: |
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
|
|
|
|
|
|
April: |
|
|
|
|
Total Sales in April |
290 |
120 |
230 |
|
Add: Closing Stock |
87 |
36 |
69 |
|
Less: Opening Stock |
63 |
36 |
90 |
|
Total Production in April |
314 |
120 |
209 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
410 |
100 |
150 |
|
Add: Closing Stock |
123 |
30 |
45 |
|
Less: Opening Stock |
87 |
36 |
69 |
|
Total Production in May |
446 |
94 |
126 |
|
|
|
|
|
|
TOTAL PRODUCTION |
760 |
214 |
335 |
|
|
|
|
|
|
MATERIAL USAGE BUDGET: |
|
|
|
April |
May |
Particulars |
Wood |
Plastic |
Wood |
Plastic |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Usage per unit (cu ft.) |
4 |
2 |
4 |
2 |
Total Usage for Chairs (cu ft.) |
1256 |
628 |
1784 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Usage per unit (cu ft.) |
5 |
3 |
5 |
3 |
Total Usage for Desks (cu ft.) |
600 |
360 |
470 |
282 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
126 |
126 |
Usage per unit (cu ft.) |
2 |
1 |
2 |
1 |
Total Usage for Stools (cu ft.) |
418 |
209 |
252 |
126 |
|
|
|
|
|
TOTAL MATERIAL USAGE |
2274 |
1197 |
2506 |
1300 |
|
|
|
78 |
39 |
MATERIAL PURCHASE BUDGET: |
4780 |
2497 |
|
|
|
|
|
Particulars |
Woods |
Plastic |
TOTAL |
|
|
|
|
|
|
April: |
|
|
|
|
Total Usage on April |
2274 |
1197 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
142 |
81 |
|
|
Purchase Volume in April (cu ft.) |
2682 |
1416 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in April |
£32,184 |
£9,912 |
£42,096 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
2506 |
1300 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
550 |
300 |
|
|
Purchase Volume in May (cu ft.) |
2506 |
1300 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in May |
£30,072 |
£9,100 |
£39,172 |
|
|
|
|
|
|
TOTAL MATERIAL PURCHASE |
£62,256 |
£19,012 |
£81,268 |
|
|
£936 |
£273 |
|
|
LABOUR UTILISATION BUDGET: |
|
|
April |
May |
Particulars |
Unskilled Labour Hour |
Skilled Labour Hours |
Unskilled Labour Hour |
Skilled Labour Hour |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Labour Hour required per unit |
3 |
2 |
3 |
2 |
Total Labour Hr for Chairs |
942 |
628 |
1338 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Labour Hour required per unit |
5 |
8 |
5 |
8 |
Total Labour Hr for Desks |
600 |
960 |
470 |
752 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
126 |
126 |
Labour Hour required per unit |
2 |
0 |
2 |
0 |
Total Labour Hr for Stools |
418 |
0 |
252 |
0 |
|
|
|
|
|
TOTAL LABOUR HOURS |
1960 |
1588 |
2060 |
1644 |
Rate per Laour Hour |
£7.25 |
£12 |
£7.25 |
£12 |
|
|
|
|
|
TOTAL LABOUR UTILISATION |
£14,210 |
£19,056 |
£14,935 |
£19,728 |
|
|
|
|
|
BUDGETED PROFIT STATEMENT: |
|
|
|
|
|
|
Particulars |
April |
May |
TOTAL |
|
|
|
|
|
|
Total Sales |
£71,490 |
£77,650 |
£1,49,140 |
|
Cost of Material Consumed: |
|
|
|
|
Woods |
-£27,288 |
-£30,072 |
-£57,360 |
|
Plastic |
-£8,379 |
-£9,100 |
-£17,479 |
|
Labor Cost: |
|
|
|
|
Unskilled Labours |
-£14,210 |
-£14,935 |
-£29,145 |
|
Skilled Labours |
-£19,056 |
-£19,728 |
-£38,784 |
|
Production Overhead |
-£3,510 |
-£3,664 |
-£7,174 |
|
|
|
|
|
|
BUDGETED PROFIT |
-£953 |
£151 |
-£802 |
|
|
|
|
|
|
SALES BUDGET: |
|
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
TOTAL |
|
|
|
|
|
April: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in April |
290 |
120 |
230 |
|
Total Sales in April |
£34,800 |
£24,960 |
£11,730 |
£71,490 |
|
|
|
|
|
May: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in May |
410 |
100 |
120 |
|
Total Sales in May |
£49,200 |
£20,800 |
£6,120 |
£76,120 |
|
|
|
|
|
TOTAL SALES |
£84,000 |
£45,760 |
£17,850 |
£1,47,610 |
|
|
|
|
|
|
|
|
|
|
PRODUCTION BUDGET: |
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
|
|
|
|
|
|
April: |
|
|
|
|
Total Sales in April |
290 |
120 |
230 |
|
Add: Closing Stock |
58 |
24 |
46 |
|
Less: Opening Stock |
63 |
36 |
90 |
|
Total Production in April |
285 |
108 |
186 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
410 |
100 |
120 |
|
Add: Closing Stock |
82 |
20 |
24 |
|
Less: Opening Stock |
58 |
24 |
46 |
|
Total Production in May |
434 |
96 |
98 |
|
|
|
|
|
|
TOTAL PRODUCTION |
719 |
204 |
284 |
|
|
|
|
|
|
MATERIAL USAGE BUDGET: |
|
|
|
April |
May |
Particulars |
Wood |
Plastic |
Wood |
Plastic |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
285 |
285 |
434 |
434 |
Usage per unit (cu ft.) |
4 |
2 |
4 |
2 |
Total Usage for Chairs (cu ft.) |
1140 |
570 |
1736 |
868 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
108 |
108 |
96 |
96 |
Usage per unit (cu ft.) |
5 |
3 |
5 |
3 |
Total Usage for Desks (cu ft.) |
540 |
324 |
480 |
288 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
186 |
186 |
98 |
98 |
Usage per unit (cu ft.) |
2 |
1 |
2 |
1 |
Total Usage for Stools (cu ft.) |
372 |
186 |
196 |
98 |
|
|
|
|
|
TOTAL MATERIAL USAGE |
2052 |
1080 |
2412 |
1254 |
|
|
|
|
|
MATERIAL PURCHASE BUDGET: |
|
|
|
|
|
|
Particulars |
Woods |
Plastic |
TOTAL |
|
|
|
|
|
|
April: |
|
|
|
|
Total Usage on April |
2052 |
1080 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
142 |
81 |
|
|
Purchase Volume in April (cu ft.) |
2460 |
1299 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in April |
£29,520 |
£9,093 |
£38,613 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
2412 |
1254 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
550 |
300 |
|
|
Purchase Volume in May (cu ft.) |
2412 |
1254 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in May |
£28,944 |
£8,778 |
£37,722 |
|
|
|
|
|
|
TOTAL MATERIAL PURCHASE |
£58,464 |
£17,871 |
£76,335 |
|
|
£2,856 |
£868 |
|
|
LABOUR UTILISATION BUDGET: |
|
|
April |
May |
Particulars |
Unskilled Labour Hour |
Skilled Labour Hours |
Unskilled Labour Hour |
Skilled Labour Hour |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
285 |
285 |
434 |
434 |
Labour Hour required per unit |
3 |
2 |
3 |
2 |
Total Labour Hr for Chairs |
855 |
570 |
1302 |
868 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
96 |
96 |
Labour Hour required per unit |
5 |
8 |
5 |
8 |
Total Labour Hr for Desks |
600 |
960 |
480 |
768 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
186 |
186 |
98 |
98 |
Labour Hour required per unit |
2 |
0 |
2 |
0 |
Total Labour Hr for Stools |
372 |
0 |
196 |
0 |
|
|
|
|
|
TOTAL LABOUR HOURS |
1827 |
1530 |
1978 |
1636 |
Rate per Laour Hour |
£7.25 |
£12 |
£7.25 |
£12 |
|
|
|
|
|
TOTAL LABOUR UTILISATION |
£13,246 |
£18,360 |
£14,341 |
£19,632 |
|
|
|
|
|
BUDGETED PROFIT STATEMENT: |
|
|
|
|
|
|
Particulars |
April |
May |
TOTAL |
|
|
|
|
|
|
Total Sales |
£71,490 |
£76,120 |
£1,47,610 |
|
Cost of Material Consumed: |
|
|
|
|
Woods |
-£24,624 |
-£28,944 |
-£53,568 |
|
Plastic |
-£7,560 |
-£8,778 |
-£16,338 |
|
Labor Cost: |
|
|
|
|
Unskilled Labours |
-£13,246 |
-£14,341 |
-£27,586 |
|
Skilled Labours |
-£18,360 |
-£19,632 |
-£37,992 |
|
Production Overhead |
-£3,455 |
-£3,719 |
-£7,174 |
|
|
|
|
|
|
BUDGETED PROFIT |
£4,245 |
£706 |
£4,952 |
|
|
|
|
|
|
SALES BUDGET: |
|
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
TOTAL |
|
|
|
|
|
April: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in April |
290 |
120 |
230 |
|
Total Sales in April |
£34,800 |
£24,960 |
£11,730 |
£71,490 |
|
|
|
|
|
May: |
|
|
|
|
Selling Price per Unit |
£120 |
£208 |
£51 |
|
Sales Volume in May |
410 |
100 |
120 |
|
Total Sales in May |
£49,200 |
£20,800 |
£6,120 |
£76,120 |
|
|
|
|
|
TOTAL SALES |
£84,000 |
£45,760 |
£17,850 |
£1,47,610 |
|
|
|
|
|
|
|
|
|
|
PRODUCTION BUDGET: |
|
|
|
|
|
|
|
Particulars |
Chairs |
Desks |
Stools |
|
|
|
|
|
|
April: |
|
|
|
|
Total Sales in April |
290 |
120 |
230 |
|
Add: Closing Stock |
87 |
36 |
69 |
|
Less: Opening Stock |
63 |
36 |
90 |
|
Total Production in April |
314 |
120 |
209 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
410 |
100 |
120 |
|
Add: Closing Stock |
123 |
30 |
36 |
|
Less: Opening Stock |
87 |
36 |
69 |
|
Total Production in May |
446 |
94 |
87 |
|
|
|
|
|
|
TOTAL PRODUCTION |
760 |
214 |
296 |
|
|
|
|
|
|
MATERIAL USAGE BUDGET: |
|
|
|
April |
May |
Particulars |
Wood |
Plastic |
Wood |
Plastic |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Usage per unit (cu ft.) |
5 |
2 |
5 |
2 |
Total Usage for Chairs (cu ft.) |
1570 |
628 |
2230 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Usage per unit (cu ft.) |
5 |
2 |
5 |
2 |
Total Usage for Desks (cu ft.) |
600 |
240 |
470 |
188 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Usage per unit (cu ft.) |
2 |
1 |
2 |
1 |
Total Usage for Stools (cu ft.) |
418 |
209 |
174 |
87 |
|
|
|
|
|
TOTAL MATERIAL USAGE |
2588 |
1077 |
2874 |
1167 |
|
|
|
|
|
MATERIAL PURCHASE BUDGET: |
|
|
|
|
|
|
Particulars |
Woods |
Plastic |
TOTAL |
|
|
|
|
|
|
April: |
|
|
|
|
Total Usage on April |
2588 |
1077 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
142 |
81 |
|
|
Purchase Volume in April (cu ft.) |
2996 |
1296 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in April |
£35,952 |
£9,072 |
£45,024 |
|
|
|
|
|
|
May: |
|
|
|
|
Total Sales in May |
2874 |
1167 |
|
|
Add: Closing Stock |
550 |
300 |
|
|
Less: Opening Stock |
550 |
300 |
|
|
Purchase Volume in May (cu ft.) |
2874 |
1167 |
|
|
Material Cost per ft. |
£12 |
£7 |
|
|
Total Purchase in May |
£34,488 |
£8,169 |
£42,657 |
|
|
|
|
|
|
TOTAL MATERIAL PURCHASE |
£70,440 |
£17,241 |
£87,681 |
|
|
|
|
|
|
LABOUR UTILISATION BUDGET: |
|
|
April |
May |
Particulars |
Unskilled Labour Hour |
Skilled Labour Hours |
Unskilled Labour Hour |
Skilled Labour Hour |
|
|
|
|
|
Chair: |
|
|
|
|
Total Production |
314 |
314 |
446 |
446 |
Labour Hour required per unit |
3 |
2 |
3 |
2 |
Total Labour Hr for Chairs |
942 |
628 |
1338 |
892 |
|
|
|
|
|
|
|
|
|
|
Desks: |
|
|
|
|
Total Production |
120 |
120 |
94 |
94 |
Labour Hour required per unit |
5 |
8 |
5 |
8 |
Total Labour Hr for Desks |
600 |
960 |
470 |
752 |
|
|
|
|
|
|
|
|
|
|
Stools: |
|
|
|
|
Total Production |
209 |
209 |
87 |
87 |
Labour Hour required per unit |
2 |
0 |
2 |
0 |
Total Labour Hr for Stools |
418 |
0 |
174 |
0 |
|
|
|
|
|
TOTAL LABOUR HOURS |
1960 |
1588 |
1982 |
1644 |
Rate per Laour Hour |
£7.25 |
£12 |
£7.25 |
£12 |
|
|
|
|
|
TOTAL LABOUR UTILISATION |
£14,210 |
£19,056 |
£14,370 |
£19,728 |
|
|
|
|
|
BUDGETED PROFIT STATEMENT: |
|
|
|
|
|
|
Particulars |
April |
May |
TOTAL |
|
|
|
|
|
|
Total Sales |
£71,490 |
£76,120 |
£1,47,610 |
|
Cost of Material Consumed: |
|
|
|
|
Woods |
-£31,056 |
-£34,488 |
-£65,544 |
£9,120 |
Plastic |
-£7,539 |
-£8,169 |
-£15,708 |
£1,498 |
Labor Cost: |
|
|
|
£81,252 |
Unskilled Labours |
-£14,210 |
-£14,370 |
-£28,580 |
|
Skilled Labours |
-£19,056 |
-£19,728 |
-£38,784 |
|
Production Overhead |
-£3,548 |
-£3,626 |
-£7,174 |
|
|
|
|
|
|
BUDGETED PROFIT |
-£3,919 |
-£4,261 |
-£8,180 |
|