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EXERCISE 7-13

PINK MARTINI CORPORATION
Cash Budget
For the Quarter Ended March 31, 2012
Beginning cash balance $31,000
Add: Receipts
Collections from customers 180,000
Sale of equipment 3,500
Total receipts $183,500
Total available cash $214,500
Less: Disbursements
Direct materials 41,000
Direct labor 70,000
Manufacturing overhead 35,000
Selling and administrative expense 45,000 Purchase of securities 12,000
Total disbursements $203,000
Excess of available cash over disbursements 11,500
Financing
Borrowings 13,500
Repayments
Ending cash balance $25,000

PROBLEM 7-1A

DANNER FARM SUPPLY COMPANY
Sales Budget
6 Months Ending June 30, 2012

QuarterSix
Months
12

Expected unit sales 28,00042,00070,000
Unit selling price 606060
Total sales $1,680,000 $2,520,000 $4,200,000

DANNER FARM SUPPLY COMPANY
Production Budget
6 Months Ending June 30, 2012

QuarterSix
Months
12

Expected unit sales 28,00042,000
Add: Desired ending finished goods1200018000
Total required units 40,00060,000
Less: Beginning finished goods units 8,00012,000
Required production units 32,00048,00080,000

DANNER FARM SUPPLY COMPANY

Direct Materials Budget—Gumm
6 Months Ending June 30, 2012

QuarterSix
Months
12

Units to be produced 32,00048,000
Direct materials per unit 44
Total pounds needed for production 128000192000...
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