Deliverable #1

The Operating Budget (Week 3)

1. Input the sales volume, as projected by your Field Sales managers.
2. Input your forecast product mix, as provided by the Marketing department.
3. Input the efficiency rate for your direct labor, as projected by the VP of Manufacturing.
4. Input the sales commission, as provided by the VP of Sales and the department's fixed costs.
5. Input the administrative fixed costs as provided by the CFO.
6. Calculate and comment on the break-even point.
7. Calculate the sales volume needed to reach a target profit and comments.

The Cash Budget (Week 3)

1. If needed, copy the sales from the first quarter operating budget.
2. Using an aging of the collection period, as provided by the credit manager, forecast cash receipts by month.
3. Calculate the cash disbursements by month.
4. Determine the timing of a capital expenditure.
5. Determine the timing and amount of financing.

To see details of this assignment, go to the Week 3 Course Project: Deliverable #1 Overview page. Submit your deliverable(s) to the Week 3 Course Project: Deliverable #1 Submission page.

Home AutoSaveFE A HESU Insert Draw Page Layout Formulas Data Review Calibri (Body) 11 AA EEE Share Comments ACCT301Course ProjectSpreadsheet copy View Tell me what you want to do General Conditional Formatting Format as Table Coll Styles 2 insert Eu Avo z Delete Gu 29Or Paste BIUD A D Sort & Filter Ideas Format Find & Select Sensitivity X M12 X Vfx $200,000 net income target, J K L M N O P Q R 1 Prepare a Master Operating Budget for the First Quarter uza Pizza Target Market: adult learners, timestarved, poor time management Jan Feb April Total at Average Sales Price/unit s 6 Salas: Units IB) . . werd. average . Sales Total Sales Revenue Price/unit S $ S $ $ $ $ Sales Price (al 2 topping Large $ Medium $ 10.50 8.50 A) Input the planned product mix (B) input the forecast sala volume 19 Input the number of pizza made per hour D) Irput the sales commission as a % of revenue (E) Input the sales manager's salary (F) input the office manager's salary G) Cakulate the breakeven point in sales units (H) Calculate the sales units needed to reach a $200,000 b oma target 06 $ . $ 2.55 $ 2.55 $ 2.55 10 Variable Costs (stated as per unit) 11 Production 12 Seling Total Variable costs per unit Contribution Margin Direct Labor: ( $ 2.55 $ 2.55 $ 2.55 efficiency rate as minutes per pizza hourly labor cost plus Prince benefits $ Tatal direct labor per pizza $ 12.00 CM per unit $ CM Ratio (2.55) $ #DIV/0! 2.55) S #DIV/0! (2.55) HIV/0! 0.25 17 Fixed Cast 5eline E) Administration F) Total Fixed Costs Direct Materials: Dough charse toppines caffinated tomato sauce Bauces Total direct material per pizza $ 0.75 1.00 0.05 2.55 Net Income S . S . Breakeven Point in sales units Sales commissions (D) Total Variable Selling Expenses per pizza $ Sales units fora Target Profit of $200,000 1 (H Operating Budget Cash Budget Variances Decisions Capital + Home AutoSaveFE A HESU Insert Draw Page Layout Formulas Data Review Calibri (Body) 11 AA EEE Share Comments ACCT301Course ProjectSpreadsheet copy View Tell me what you want to do General Conditional Formatting Format as Table Coll Styles 2 insert Eu Avo z Delete Gu 29Or Paste BIUD A D Sort & Filter Ideas Format Find & Select Sensitivity X M12 X Vfx $200,000 net income target, J K L M N O P Q R 1 Prepare a Master Operating Budget for the First Quarter uza Pizza Target Market: adult learners, timestarved, poor time management Jan Feb April Total at Average Sales Price/unit s 6 Salas: Units IB) . . werd. average . Sales Total Sales Revenue Price/unit S $ S $ $ $ $ Sales Price (al 2 topping Large $ Medium $ 10.50 8.50 A) Input the planned product mix (B) input the forecast sala volume 19 Input the number of pizza made per hour D) Irput the sales commission as a % of revenue (E) Input the sales manager's salary (F) input the office manager's salary G) Cakulate the breakeven point in sales units (H) Calculate the sales units needed to reach a $200,000 b oma target 06 $ . $ 2.55 $ 2.55 $ 2.55 10 Variable Costs (stated as per unit) 11 Production 12 Seling Total Variable costs per unit Contribution Margin Direct Labor: ( $ 2.55 $ 2.55 $ 2.55 efficiency rate as minutes per pizza hourly labor cost plus Prince benefits $ Tatal direct labor per pizza $ 12.00 CM per unit $ CM Ratio (2.55) $ #DIV/0! 2.55) S #DIV/0! (2.55) HIV/0! 0.25 17 Fixed Cast 5eline E) Administration F) Total Fixed Costs Direct Materials: Dough charse toppines caffinated tomato sauce Bauces Total direct material per pizza $ 0.75 1.00 0.05 2.55 Net Income S . S . Breakeven Point in sales units Sales commissions (D) Total Variable Selling Expenses per pizza $ Sales units fora Target Profit of $200,000 1 (H Operating Budget Cash Budget Variances Decisions Capital +