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

The Operating Budget

Input the sales volume, as projected by your Field Sales managers. The sales manager has provided the following sales estimates and price points for the first quarter of 2020. Input these values in the worksheet labelled Operating Budget.

Sales Estimates and Price Points for the First Quarter of 2020

	January	February	March
Number of pizzas sold	40,000	42,500	45,000
Sales Price for Large: $10.50
Sales Price for Medium: $8.50

000 AutoSave OFF HES Q Home Insert Draw Page Layout Formulas Data Review Share Comments ap ACCT301CourseProject Spreadsheet copy View Tell me what you want to do Conditional Formatting General Format as Tablev $ % ) Cell Styles Insert v Calibri (Body) v 11 Eu y 2800 4 LG v AA == = v v Paste B I U 3. Delete Format v Sort & Find & Select Ideas Sensitivity Xv Filter M12 X fx $200,000 net income target, KL M N P R (A) Inout the planned product mix (B) Input the forecast sala volume 19 Input the number of pizza made per hour ID) Input the sales commission as a % of revenue (E) input the sales manager's salary (F) input the office manager's salary G) Cakulete the breakeven point in sales units (H) Calculate the sales units needed to reach a $200,000 btcome target, A B C E F G H I J 1 Prepare a Master Operating Budget for the First Quarter Rupz Pla 2 Target Market aduk learners, timestarved, poor time management 3 4 Jan Feb April Totalar 5 Sales: Average Sales Price/unit 6 Units (B) 1A) werd Price/units $ S Sales Price (al 2 topping * Sales average 9 Total Sales Revenue S $ S S $ Large $ 10.50 $ 9 Medium $ 8.50 $ 10 Variable Costs (stated as per unit) 0% $ 11 Production $ 2.55 $ 2.55 $ 2.55 Direct Labor: 12 Seling (efficiency rate as minutes per pizza 13 Total Variable Costs per unit $ 2.55 $ 2.55$ 2.55 hourly labor cost plus fringe benefits $ 12.00 14 Contribution Margin S $ S $ Tatal direct laber per pizza $ 15 CM per units (2.55) $ 12.55 $ (2.55) 16 CM Ratio ADIV/0! #DIV/0! #DIV/0! Direct Materials 17 Fed Casts Dough $ 0.25 18 Seling) $ $ $ chasse 0.50 19 Administration F) toppings 0.75 20 Total Fixed Coats S $ S $ caffinated tomato sauce 1.00 21 Bases 0.05 22 Net income S $ S $ Total direct material per pizza $ 2.55 23 24 Breakeven Paint in sales units (G Sales comissions (0) 25 Total Variable Selling Expenses per piezas 26 Sales units fora Target Profit of $200,000 (HI 27 Operating Budget Cash Budget Variances Decisions Capital + 000 AutoSave OFF HES Q Home Insert Draw Page Layout Formulas Data Review Share Comments ap ACCT301CourseProject Spreadsheet copy View Tell me what you want to do Conditional Formatting General Format as Tablev $ % ) Cell Styles Insert v Calibri (Body) v 11 Eu y 2800 4 LG v AA == = v v Paste B I U 3. Delete Format v Sort & Find & Select Ideas Sensitivity Xv Filter M12 X fx $200,000 net income target, KL M N P R (A) Inout the planned product mix (B) Input the forecast sala volume 19 Input the number of pizza made per hour ID) Input the sales commission as a % of revenue (E) input the sales manager's salary (F) input the office manager's salary G) Cakulete the breakeven point in sales units (H) Calculate the sales units needed to reach a $200,000 btcome target, A B C E F G H I J 1 Prepare a Master Operating Budget for the First Quarter Rupz Pla 2 Target Market aduk learners, timestarved, poor time management 3 4 Jan Feb April Totalar 5 Sales: Average Sales Price/unit 6 Units (B) 1A) werd Price/units $ S Sales Price (al 2 topping * Sales average 9 Total Sales Revenue S $ S S $ Large $ 10.50 $ 9 Medium $ 8.50 $ 10 Variable Costs (stated as per unit) 0% $ 11 Production $ 2.55 $ 2.55 $ 2.55 Direct Labor: 12 Seling (efficiency rate as minutes per pizza 13 Total Variable Costs per unit $ 2.55 $ 2.55$ 2.55 hourly labor cost plus fringe benefits $ 12.00 14 Contribution Margin S $ S $ Tatal direct laber per pizza $ 15 CM per units (2.55) $ 12.55 $ (2.55) 16 CM Ratio ADIV/0! #DIV/0! #DIV/0! Direct Materials 17 Fed Casts Dough $ 0.25 18 Seling) $ $ $ chasse 0.50 19 Administration F) toppings 0.75 20 Total Fixed Coats S $ S $ caffinated tomato sauce 1.00 21 Bases 0.05 22 Net income S $ S $ Total direct material per pizza $ 2.55 23 24 Breakeven Paint in sales units (G Sales comissions (0) 25 Total Variable Selling Expenses per piezas 26 Sales units fora Target Profit of $200,000 (HI 27 Operating Budget Cash Budget Variances Decisions Capital +