i need help with number 10

this is the format chapter 9 thanks

just do budget for 4 quarter

can u pls just do 4 budget for 4 quarter and we dont need to look at tge picture i showed u ealier. thanks

Create an imaginary company with a product that can be manufactured and sold Keep it a simple product. Don't pick something with many parts. You will be describing the making and selling of the product. You can do this by yourself or in a group of 2 or 3 - No more than 3 Think through the following: Where will you make it - what costs are involved - materials, labor, rent, etc. Who will make it. How long will it take. What equipment will you need? Who do you sell to? How will you get it to your customers? Will you need to rent a place to sell? Who will get paid to sell? Sales commissions? Delivery costs, travel costs? Can you make money? 1 List all the manufacturing costs? DM, DL Overhead 2 What are the fixed costs? 3 Variable costs? 4 List the non-manufacturing costs - period costs? For example - selling costs, rent, salaries (incl your own) 5 Determine if you should use job costing or process costing 7 Determine a price to sell - try it out using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVP 10 Create a 4 quarter budget with all the schedules in Chap 9 Sales budget, production, materials, labor ESPECIALLY Income Statement 11 Create a summary of what the product is, how you make it, how you sell it, what you charge for it, what the competition is, and if your budget shows you are going to make money. I am a potential investor. Convince me to invest in your company. Make up all numbers for costs and prices but try to keep them reasonable 16 17 18 plant depreciation factory rental 193) 20 21 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense(variable) Selling and distribution expenses general and Hoministrative expenses other operating income/ (expenses) 8) break even sales computation break even sale=fixed cost/contribution margin = $50000/0.55-$90909 22 23 24 25 26 4) 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 5) we should use process costing 33 34 7) Determination of Price using cost volume Analysis 35 36 particulars totalvalue 37 revenue 500,000 38 less : variable cost -225000 39 contribution 275000 40 less: fixed cost -90000 41 profit 185000 42 43 contribution per unit - 275000/500000-0.55 44 fixed cost cost per unit = 90000/500000.18 per unit 45 so the price an item is -($0.55+0.18)-0.73 in order to earn profit 46 47 48 49 50 51 52 9) Contribution Margin Income Statement particulars totalvalue revenue 500,000 less : variable cost -225000 contribution 275000 less: fixed cost -90000 profit 185000 5 FI Hayes Company Cash Budget For the Year Ending December 31, 2020 Quarter Assumption 1 2 3 3 $ 38,000 $ 25,500 $ 15,000 4 $ 19,400 4 168,000 2,000 170,000 208,000 198,000 0 198,000 223,500 228,000 0 228,000 243,000 258,000 0 258,000 277,400 Beginning cash balance Add: Receipts Collections from customers Sale of investment securities Total receipts Total available cash Less: Disbursements Direct materials Direct labor Manufacturing overhead Selling and administrative expenses Purchase of truck Income tax expense Total disbursements Excess (deficiency) of available cash over cash disbursements Financing Add: Borrowings Less: Repayments including interest Ending cash balance 2 5 6 6 7 8 23,200 62,000 53,300 41,000 0 3,000 182,500 27,200 72,000 56,300 43,000 10,000 3,000 211,500 31,200 82,000 59,300 45,000 0 3,000 220,500 35,200 92,000 62,300 47,000 0 3,000 239,500 25,500 12,000 22,500 37,900 9 3 0 0 $ 25,500 3,000 0 $ 15,000 0 3,100 $ 19,400 0 0 $ 37,900 att 7100 2000 dodation Create an imaginary company with a product that can be manufactured and sold Keep it a simple product. Don't pick something with many parts. You will be describing the making and selling of the product. You can do this by yourself or in a group of 2 or 3 - No more than 3 Think through the following: Where will you make it - what costs are involved - materials, labor, rent, etc. Who will make it. How long will it take. What equipment will you need? Who do you sell to? How will you get it to your customers? Will you need to rent a place to sell? Who will get paid to sell? Sales commissions? Delivery costs, travel costs? Can you make money? 1 List all the manufacturing costs? DM, DL Overhead 2 What are the fixed costs? 3 Variable costs? 4 List the non-manufacturing costs - period costs? For example - selling costs, rent, salaries (incl your own) 5 Determine if you should use job costing or process costing 7 Determine a price to sell - try it out using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVP 10 Create a 4 quarter budget with all the schedules in Chap 9 Sales budget, production, materials, labor ESPECIALLY Income Statement 11 Create a summary of what the product is, how you make it, how you sell it, what you charge for it, what the competition is, and if your budget shows you are going to make money. I am a potential investor. Convince me to invest in your company. Make up all numbers for costs and prices but try to keep them reasonable 16 17 18 plant depreciation factory rental 193) 20 21 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense(variable) Selling and distribution expenses general and Hoministrative expenses other operating income/ (expenses) 8) break even sales computation break even sale=fixed cost/contribution margin = $50000/0.55-$90909 22 23 24 25 26 4) 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 5) we should use process costing 33 34 7) Determination of Price using cost volume Analysis 35 36 particulars totalvalue 37 revenue 500,000 38 less : variable cost -225000 39 contribution 275000 40 less: fixed cost -90000 41 profit 185000 42 43 contribution per unit - 275000/500000-0.55 44 fixed cost cost per unit = 90000/500000.18 per unit 45 so the price an item is -($0.55+0.18)-0.73 in order to earn profit 46 47 48 49 50 51 52 9) Contribution Margin Income Statement particulars totalvalue revenue 500,000 less : variable cost -225000 contribution 275000 less: fixed cost -90000 profit 185000 5 FI Hayes Company Cash Budget For the Year Ending December 31, 2020 Quarter Assumption 1 2 3 3 $ 38,000 $ 25,500 $ 15,000 4 $ 19,400 4 168,000 2,000 170,000 208,000 198,000 0 198,000 223,500 228,000 0 228,000 243,000 258,000 0 258,000 277,400 Beginning cash balance Add: Receipts Collections from customers Sale of investment securities Total receipts Total available cash Less: Disbursements Direct materials Direct labor Manufacturing overhead Selling and administrative expenses Purchase of truck Income tax expense Total disbursements Excess (deficiency) of available cash over cash disbursements Financing Add: Borrowings Less: Repayments including interest Ending cash balance 2 5 6 6 7 8 23,200 62,000 53,300 41,000 0 3,000 182,500 27,200 72,000 56,300 43,000 10,000 3,000 211,500 31,200 82,000 59,300 45,000 0 3,000 220,500 35,200 92,000 62,300 47,000 0 3,000 239,500 25,500 12,000 22,500 37,900 9 3 0 0 $ 25,500 3,000 0 $ 15,000 0 3,100 $ 19,400 0 0 $ 37,900 att 7100 2000 dodation