【正文】 6,000 6,000 6,000 24,000 Total budgeted fixed selling and administrative expenses 81,000 81,000 81,000 81,000 324,000 Total budgeted selling and administrative expenses 91,000 92,000 93,000 90,000 366,000 Less: Depreciation 6,000 6,000 6,000 6,000 24,000 Less: Allowance for uncollectible accounts 6,000 6,600 7,200 5,400 25,200 Budgeted cash disbursements for selling and administrative expenses $79,000 $79,400 $79,800 $78,600 $316,800 Chapter 7 The Master Budget: Profit Planning 379 (continued) P 719A Req. 2 Tucker39。s Turkey Sandwiches, Inc. Production Budget 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Budgeted sales in units 100,000 110,000 120,000 90,000 420,000 Add: Ending finished goods inventory 44,000 48,000 36,000 44,000 44,000 Budgeted finished goods available 144,000 158,000 156,000 134,000 464,000 Less: Beginning finished goods inventory 40,000 44,000 48,000 36,000 40,000 Budgeted production 104,000 114,000 108,000 98,000 424,000 Managerial Accounting, 1/e Solutions Manual 380 (continued) P 719A Req. 3 Tucker39。 3rd Quarters 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Budgeted sales in units 100,000 121,000 132,000 90,000 443,000 Selling price per unit $ $ $ $ $ Budgeted sales $300,000 $363,000 $396,000 $270,000 $1,329,000 Tucker39。 3rd Quarters 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Budgeted sales in units 100,000 121,000 132,000 90,000 443,000 Add: Ending finished goods inventory 48,400 52,800 36,000 44,000 44,000 Budgeted finished goods available 148,400 173,800 168,000 134,000 487,000 Less: Beginning finished goods inventory 40,000 48,400 52,800 36,000 40,000 Budgeted production 108,400 125,400 115,200 98,000 447,000 Chapter 7 The Master Budget: Profit Planning 381 (6075 minutes) P 720A Tucker39。s Turkey Sandwiches, Inc. Direct Labor Budget 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Budgeted production (from P 719A) 104,000 114,000 108,000 98,000 424,000 Direct labor hours needed per sandwich Hours of direct labor needed 5,200 5,700 5,400 4,900 21,200 Standard price per hour $ $ $ $ $ Budgeted direct labor cost $52,000 $57,000 $54,000 $49,000 $212,000 Chapter 7 The Master Budget: Profit Planning 383 (continued) P 720A Tucker39。s Turkey Sandwiches, Inc. Ending Finished Goods Inventory Budget Quantity Cost Per Unit Production costs: Direct materials 1 lb. $$ Direct labor hrs. $10/DL hr. Manufacturing overhead hrs. $Production cost per sandwich $ Ending finished goods quantity 44,000 Budgeted ending finished goods inventory $76,560 Chapter 7 The Master Budget: Profit Planning 385 (100130 minutes) P 721A Req. 1 Tucker39。s Turkey Sandwiches, Inc. Cash Payments for Direct Materials Budget 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Accounts payable, beginning $22,000 $22,000 Payments 1st quarter purchases 80% $84,000 67,200 67,200 20% $84,000 $16,800 16,800 Payments 2nd quarter purchases 80% $92,000 73,600 73,600 20% $92,000 $18,400 18,400 Payments 3rd quarter purchases 80% $84,000 67,200 67,200 20% $84,000 $16,800 16,800 Payments 4th quarter purchases 80% $80,000 _______ _______ _______ 64,000 64,000 Budgeted cash disbursements for direct materials $89,200 $90,400 $85,600 $80,800 $346,000 Chapter 7 The Master Budget: Profit Planning 387 (continued) P 721A Tucker39。s Turkey Sandwiches, Inc. Cash Budget continued 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Financing: Borrowing, beginning balance 40,000 60,000 80,000 30,000 0 Net borrowing/ repayments 20,000 20,000 (50,000) (30,000) (40,000) Interest* (600) (900) (1,200) (450) (3,150) Total financing change 19,400 19,100 (51,200) (30,450) (43,150) Ending cash balance $54,860 $56,940 $55,820 $81,070 $81,070 *1st quarter: $40,000 6% 3/12 = $600 2nd quarter: $60,000 6% 3/12 = $900 3rd quarter: $80,000 6% 3/12 = $1,200 4th quarter: $30,000 6% 3/12 = $450 Chapter 7 The Master Budget: Profit Planning 389 (continued) P 721A Req. 2 Tucker39。s Turkey Sandwiches, Inc. Budgeted Balance Sheet Assets Current assets Cash $ 81,070 Accounts receivable (70% 98% $270,000) 185,220 Inventories: Raw materials (11,000 lbs. $) 8,800 Finished goods (44,000 x $) 76,560 Total current assets $ 351,650 Plant assets, (($2,000,000 + $30,000 ($14,000 4)) 1,974,000 Total assets $2,325,650 Liabilities Current liabilities Accounts payable ($80,000 20%) $16,000 Ine taxes payable 20,000 Total current liabilities $ 36,000 Stockholders39。 equity 2,289,650 Total liabilities and stockholders3