1 Hampton Freeze, Inc. 2 Budgeting Assumptions 3 For the Year Ended December 31, 2015 4 Al 5 Quarters Quarter G Sales Budget 2 3 7 Budgeted sales in cases 10 000 30.000 40.000 20.000 6 Beling price per case $ 2000 9 Percentage of sales collected in the quarter of sale 709 10 Percentage of sales collected in the quarter after sale 309 11 12 Production Budger 15 Percentage of nest quarter's sales in ending finished goods inventory 20% 14 19 Direct Materiais Budget 10 Pounds of sugar per case 15 17 Cost per pound of sugar $ 020 10 Percentage of nest quarter's production needs in ending inventory 10% 19 Percentage of purchases paid in the quarter purchased 304 20 Percentage of purchases paid in the quarter after purchase 20% 21 22 Direct Labor Budget 21 Direct labor-hours required percase 0.40 24. Direct bor cost per hour $ 15 00 20 Manufacturing Overhead Budget 27 Variable manufacturing overhead per direct labor-hour $ 4.00 28 Fleed manufacturing overnead per quarter $ 60.500 29 Depreciation per quarter $ 15,000 30 21 32 Seing and Anistrave Expense Budget 33 variable selling and administrative expense per case 1.80 34 Fised seling and administrative expense per quarter. 38 Advertising $ 20,000 3 Becuve salaries $ 55,000 37 Insurance $ 10,000 30 Property tax $ 4.000 30 Depreciation $ 10.000 40 41 Cash Budget 42 Minimum cash balance $ 30,000 19 Equipment purchases $ 50.000 $ 40,000 $20,000 $ 20,000 44 DMdenas $ 8.000 46 simple interest rate per quarter 3% 40 tegning Islance-sheet Budgeting Assumptions School, Schouler 2 Schel 28 1 Hampton Freeze, Inc. 2 Budgeting Assumptions 3 For the Year Ended December 31, 2015 4 Al 5 Quarters Quarter G Sales Budget 2 3 7 Budgeted sales in cases 10 000 30.000 40.000 20.000 6 Beling price per case $ 2000 9 Percentage of sales collected in the quarter of sale 709 10 Percentage of sales collected in the quarter after sale 309 11 12 Production Budger 15 Percentage of nest quarter's sales in ending finished goods inventory 20% 14 19 Direct Materiais Budget 10 Pounds of sugar per case 15 17 Cost per pound of sugar $ 020 10 Percentage of nest quarter's production needs in ending inventory 10% 19 Percentage of purchases paid in the quarter purchased 304 20 Percentage of purchases paid in the quarter after purchase 20% 21 22 Direct Labor Budget 21 Direct labor-hours required percase 0.40 24. Direct bor cost per hour $ 15 00 20 Manufacturing Overhead Budget 27 Variable manufacturing overhead per direct labor-hour $ 4.00 28 Fleed manufacturing overnead per quarter $ 60.500 29 Depreciation per quarter $ 15,000 30 21 32 Seing and Anistrave Expense Budget 33 variable selling and administrative expense per case 1.80 34 Fised seling and administrative expense per quarter. 38 Advertising $ 20,000 3 Becuve salaries $ 55,000 37 Insurance $ 10,000 30 Property tax $ 4.000 30 Depreciation $ 10.000 40 41 Cash Budget 42 Minimum cash balance $ 30,000 19 Equipment purchases $ 50.000 $ 40,000 $20,000 $ 20,000 44 DMdenas $ 8.000 46 simple interest rate per quarter 3% 40 tegning Islance-sheet Budgeting Assumptions School, Schouler 2 Schel 28
