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Month
April
Particular
Expected Sales 400,000
Februrary Sales
20 % of Sales Of February 50,000
March Sales
35 % of Sales of March 105,000
20 % of Sales Of March -
April Sales
40 % of Sales in April 160,000
35 % of Sales of April -
20 % of Sales of April -
May Sales
40 % of Sales in May -
35 % of Sales of May -
June Sales
40 % of Sales in June -
Total Collection 315,000
Cash Budget
Month
April
Particular
Cash in Hand Opening 48,500
Add: Cash Collections 315,000
Total Cash Available 363,500
Less: Cash Disbursements (Material) (67,500)
Less: Cash Disbursements (Direct Labour) (75,000)
Less: Cash Disbursements (Manufacturing Overhead) (56,000)
Less: Cash Disbursements (Selling And Adminisstrative) (70,000)
Less : Dividends (45,000)
Less : Purchase Of Machinery (100,000)
Total Disbursemnets (413,500)
Excess / (Deficiency) of Cash Available Over Disbursements (50,000)
Financing:
Borrowing 90,000
Loan Repayment -
Interest @ 14% -
Total Financing 90,000
Cash In Hand Ending 40,000
dget :
Uncollectiable
May June Quarter
Month Rate
600,000 500,000 1,500,000 Februrary Sales 5%
March Sales 5%
- - 50,000 April Sales 5%
May Sales 5%
- - 105,000 June Sales 5%
60,000 - 60,000
Account Recievable
- - 160,000 Month Amount
140,000 - 140,000 May Sales 150,000
- 80,000 80,000 June Sales 300,000
240,000 - 240,000
- 210,000 210,000
- 200,000 200,000
440,000 490,000 1,245,000
et Material :
- - 30,000
- 30,000 30,000
82,500 75,000 225,000
dget :
- - 90,000
(90,000) - (90,000)
(2,100) - (2,100)
(92,100) - (2,100)
64,400 64,400 64,400
e
Amount
12500
15000
20000
30000
25000
ion Expense
Equivalent Production :
Particular Material Labor
Units Completed & Transferred 375,000 375,000
Less: Work In Process Opening (Units) (60,000) (60,000)
Units Started And Completed 315,000 315,000
Add: Work In Process Opening (Units)
Labor (60000 * 20%) - 12,000
Factory Overhead (60000 * 40%) - -
Add: Work In Process Closing (Units) - -
Material (45000 * 90%) 40,500 -
Labor (45000 * 50%) - 22,500
Factory Overhead (45000 * 40%) - -
Equivalent Production : 355,500 349,500
Cost To Charge To :
Particular Cost
Work In Process Opening (Units) 60000 724,850
Units Transferred From Dept A 360000 2,646,000
Cost Added By Department B
Direct Material 800,000
Direct Labor 700,000
Factory Overhead Applied 400,000
1,900,000
Total Cost Charged To 5,270,850
General Enteries
S.No Particular P.R Debit (Rs) Credit (Rs)
1 Work In Process (Dept B) 1,900,000
Direct Material 800,000
Payroll 700,000
Factory Overhead- Applied 400,000
b) AVERAGE METHOD
Quantity Schedule :
Units Account For : Amount
Work In Process Opening (Units) 60,000
Units Received From Dept A 360,000
Units Account For 420,000
Equivalent Production :
Particular Material Labor
Units Completed & Transferred 375,000 375,000
Add: Work In Process Closing (Units)
Material (45000 * 90%) 40,500 -
Labor (45000 * 50%) - 22,500
Factory Overhead (45000 * 40%) - -
Equivalent Production : 415,500 397,500
Cost To Charge To :
Particular Cost
Work In Process Opening (Units) 60000 399,000
Units Transferred From Dept A 360000 2,646,000
Cost Added By Department B 420,000 3,045,000
Direct Material
Work In Process Opening 114,100
Added During The Period 800,000
Total 914,100
Direct Labor
Work In Process Opening 114,875
Added During The Period 700,000
Total 814,875
Factory Overhead Applied
Work In Process Opening 96,875
Added During The Period 400,000
Total 496,875
General Enteries
S.No Particular P.R Debit (Rs) Credit (Rs)
1 Work In Process (Dept B) 1,900,000
Direct Material 800,000
Payroll 700,000
Factory Overhead- Applied 400,000
-
24,000
-
-
-
18,000
357,000
Production
Unit Cost
Units
360,000 7.350
355,500 2.250
349,500 2.003
357,000 1.120
12.724
Factory Overhead
375,000
-
-
18,000
393,000
Production
Unit Cost
Units
420,000 7.250
415,500 2.200
397,500 2.050
393,000 1.264
12.764