GIVEN INFORMATION.....

Developing a Master Budget for a Manufacturing Organization Nutty Co. Gourmet Snacks makes gourmet gift baskets with a selling price of $300 per unit. Units and monthly cost data follow: Variable: Selling and administrative per unit Direct materials per unit Direct labor per unit ly'ariable manuf. OH per unit Fixed: Selling and administrative per month Manufacturing [including depreciation of $5,000] per month Nutty Co. Gourmet Snacks, pays all bills in the month incurred. All sales are on account with 5096 collected the mo nth of sale and the balance oollected the following month. There are no sales discounts or bad debts. Nutty Co. desires to maintain an ending nished goods inventory equal to 30% of the following month's sales and a raw materials inventory equal to 2096 of the following month's production. January 1, 1018, inventories are in line with these policies. Actual unit sales for December and budgeted unit sales for January, February, March April of 2018 are as follows: January February March April m 1,0?5 1,150 1,500 1,100 1,350 Additional information: 0 The January 1 beginning cash is projected as $12,000. $10,000 cash is required to be on hand. 0 Each unit of finished product requires ten units of raw materials. Nutty Co. wants to have 2,500 units of raw materials on hand at the end offlrst quarter. 0 Any borrowing occurs at the beginning of the month, in increments of $1,000. 0 Repayments are made in full at the end of the month of repayment. - Interest is paid when loans are repaid; 1% simple interest is incurred. f'llLl1'I"'l|r ED. EDUHMEI' SHEEN! Manufacturlrg Coat Budget FEE March, .1013 _ Preducticun requirements: 1ii'aria bI-e ma nufa cturing casts: Direct materials Direct Iaher Manufacturing cverhead Tetal 1iI'aria bI-e casts Fixed man ufactu ring casts Tutal manufacturing casts HLITI't" ED. EDUHMEI' SHEEN! Selllng and Admlnlatratiue Expense Budget HIE March, .1015 _ Unit sales. Eales revenue 1ii'aria bI-e casts Fixed casts Tutal selling and admin. costs