All the information is given, the remaining information can be assumed.

INDIVIDUALLY PROJECT FOR MANAGEMENT ACCOUNTING 1. Construct a Master Budget . Select a hypothetical Manufacturing company of your choice. Your submission should include the 10 schedules outlined in Chapter 9, Compute the break-even point in dollars for the company as a whole and the margin of safety in both dollars and percent for each month. as appropriate for your company. Master budget should be designed for next three months of the year. Construct a Master Budget Your model/submission should include schedules for: 1. Sales budget 2- Production budget 3- Direct materials budget 4. Direct labour budget 5. Manufacturing overhead budget 6- Inventory budget 7- Selling & Administrative budget 8- Cash Budget 9. Budgeted Income Statement variable costing method) 10-Budgeted Balance Sheet 2. Supporting Information Sales are 30% for cash and 70% on account. Sales on account are collected over a three-month period with 15% collected in the month of sale: 60% collected in the first month following the month of sale; and the remaining 25% collected in the second month following the month of sale, Inventory purchases are paid for within 15 days. Therefore, 30% of a month's inventory purchases are paid for in the month of purchase. The remaining 70% is paid in the following month. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. Dividends of will be declared in each month as per contract Fixed assets will be purchased for cash in each month The company must maintain a cash balance of at least $65.000 at the end of each month The company has an agreement with a local bunk that allows the company to borrow in increments of $10,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 5% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of each month. Your supporting documentation should identify the: Key budgetary assumptions that have been incorporated into the plan Critical Initiatives: actions required to achieve the planned performance (i.e. what must they do to meet the planned results) INDIVIDUALLY PROJECT FOR MANAGEMENT ACCOUNTING 1. Construct a Master Budget . Select a hypothetical Manufacturing company of your choice. Your submission should include the 10 schedules outlined in Chapter 9, Compute the break-even point in dollars for the company as a whole and the margin of safety in both dollars and percent for each month. as appropriate for your company. Master budget should be designed for next three months of the year. Construct a Master Budget Your model/submission should include schedules for: 1. Sales budget 2- Production budget 3- Direct materials budget 4. Direct labour budget 5. Manufacturing overhead budget 6- Inventory budget 7- Selling & Administrative budget 8- Cash Budget 9. Budgeted Income Statement variable costing method) 10-Budgeted Balance Sheet 2. Supporting Information Sales are 30% for cash and 70% on account. Sales on account are collected over a three-month period with 15% collected in the month of sale: 60% collected in the first month following the month of sale; and the remaining 25% collected in the second month following the month of sale, Inventory purchases are paid for within 15 days. Therefore, 30% of a month's inventory purchases are paid for in the month of purchase. The remaining 70% is paid in the following month. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. Dividends of will be declared in each month as per contract Fixed assets will be purchased for cash in each month The company must maintain a cash balance of at least $65.000 at the end of each month The company has an agreement with a local bunk that allows the company to borrow in increments of $10,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 5% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of each month. Your supporting documentation should identify the: Key budgetary assumptions that have been incorporated into the plan Critical Initiatives: actions required to achieve the planned performance (i.e. what must they do to meet the planned results)