《management accounting》chapter 8預(yù)算-全文預(yù)覽
【正文】 Quarter 3, 2022 10,125 1,125 Quarter 4, 2022 13,500 Total cash receipts $10,600 $11,850 $14,775 $19,625 8 29 2. Schedule 11 Texas Rex, Inc. Budgeted Balance Sheet Continued 8 30 Schedule 11 Texas Rex, Inc. Budgeted Balance Sheet December 31, 2022 Assets Current assets: Cash $ 7,503 Accounts receivable 1,500 Materials inventory 424 Finished goods inventory 1,390 Total current assets $10,817 Property, plant, and equipment: Land $ 1,100 Building and equipment 36,500 Accumulated depreciation 7,760 Total property, plant, and equipment 29,840 Total assets $40,657 Continued 8 31 Liabilities and Owners’ Equity Current liabilities: Accounts payable $ 1,381 Owners’ equity: Retained earnings $39,276 Total owners’ equity 39,276 Total liabilities and owners’ equity $40,657 8 32 Cash Budget Sales Budget Production Budget Direct Materials Purchases Budget Direct Labor Budget Overhead Budget The Master Budget 8 33 Sales Budget Production Budget Direct Materials Purchases Budget Direct Labor Budget Overhead Budget Cash Budget Ending FG Inventory Budget (Unit cost) The Master Budget 8 34 Selling and Administrative Expenses Budget` Sales Budget Production Budget Direct Materials Purchases Budget Direct Labor Budget Overhead Budget Cash Budget Cost of Goods Sold Budget Budgeted IS The Master Budget Ending FG Inventory Budget 8 35 A static(靜態(tài) ) budget is a budget for a particular level of activity. A flexible (彈性 ) budget is a budget that provides a firm with the capability to pute expected costs for a range of activity. 它按預(yù)算內(nèi)可預(yù)見(jiàn)的多種業(yè)務(wù)活動(dòng)水平確定或調(diào)整不同的預(yù)算額。 中文定義為： 三、 Flexible Budgets 8 36 Units produced 1,200 1,060 140 F Actual Budgeted Variance Direct materials cost $4,830 $4,240 $590 U Direct labor costs 1,440 1,272 168 U Fixed overhead: Variable: Supplies 535 477 58 U Power 170 159 11 U Fixed: Supervision 1,055 1,105 50 F Depreciation 540 540 Total $8,570 $7,793 $777 U Performance Report Quarterly Production Costs 8 37 ? The flexible budget can be used to prepare the budget before the fact for the expected level of activity. ? Flexible budgeting can be used to pute what costs should have been for the actual level of activity. ? Flexible budgeting can help managers deal with uncertainty by allowing them to see the expected outes for a range of activities. The Uses of Flexible Budget 8 38 Variable overhead: Direct materials $ $4,000 $4,800 $5,600 Direct labor 1,200 1,440 1,680 Variable overhead: Supplies 450 540 630 Power 150 180 210 Total variable costs $ $5,800 $6,960 $8,120 Range of Production (units) Production Costs 1,000 1,200 1,400 Variable Cost per Unit Fixed overhead: Supervision $1,105 $1,105 $1,105 Depreciation 540 540 540 Total fixed costs $1,645 $1,645 $1,645 Total production costs $7,445 $8,605 $9,765 Flexible Production Budget 8 39 Units produced 1,200 1, 200 Actual Budget Variance Direct materials $4,830 $4,800 $30 U Direct labor 1,440 1,
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