B D E F G 1 40,000 Year 2 Quarter 2 3 60,000 100,000 4 50,000 Year 3 Quarter 1 2 70,000 80,000 A 2 Master Budget: Excel Sheet 2 3 Data 4 5 Budgeted unit sales 6 7 . Selling price per unit 8 Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 - Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12 . Finished goods inventory beginning 13 - Raw materials required to produce one unit 14. Desired ending inventory of raw materials is 15 - Raw materials inventory beginning 16 - Raw material costs 17 Raw materials purchases are paid 18 and 19 . Accounts payable for raw materials, beginning balance 20 21 Enfer a formula into each of the cells marked with a 7 below $8 $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 B35 X fx ? c E F 1 4 Year 2 Quarter 2 3 2 ? 7 7 1 4 1 Year 3 Quarter 2 ? Year 2 Quarter 2 3 ? 7 7 ? ? ? 2 7 2 ? 7. 7 2 ? ? 7. 2 ? ? 2 ? 2 7 ? ? 1 4 41 42 43 44 Expected Account Receivable at the end of Ort 45 46 47 Construct the produc bon budget 48 49 Budgeted unt sales 50 Desired ending finished goods inventory 51 Total needs 52 Beginning finished goods Inventory 53 Required production in units 54 55 56 Construct the raw materials purchases budget 57 58 Required production (units) 59 Raw materials required to produce one unit 60 Production needs 61 Desired ending inventory of raw materials 62 Total needs 63 Beginning inventory of raw materials (pounds) 64 Raw materials to be purchased (pounds) 65 Cost of raw materials per pound 66 Cost of raw materials to be purchased 67 68 Construct the schedule of expected cash payments 69 70 Beginning balance accounts payable 71 First quarter purchases 72 Second-quarter purchases 73 Third quarter purchases 74 Fourth quarter purchases 75 Total cash disbursements 76 ? ? ? ? ? ? ? ? ? Year 2 Quarter 2 3 ? ? ? ? ? ? ? ? ? 7 ? ? ? ? ? 2 ? ? Yoar 3 Quarter 1 7 ? ? ? ? ? ? ? ? ? ? ? + F Year 2 Quarter 2 3 4 Year 7 7 ? ? ? ? ? ? ? ? ? ? ? 8 9 Expected Account Payable balance at the end of Qrt 1 Year 2 Quarter 2 3 ? 4
