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Master Budget Project Group 8 7 C Vaughan Company makes AMAZING SUPER DUPER Widgets. Management is now preparing detailed budgets for the third quarter, July
Master Budget Project Group C Vaughan Company makes AMAZING SUPER DUPER Widgets. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in budget preparation: Sales Budget The marketing department has estimated sales as follows for the remainder of the year: Actual sales in June were units July October August November September December The selling price of a SUPER DUPER widget is $ and all sales are on account. Based on past experience, sales are collected in the following pattern: in the month of sale in month following the sale are never collected uncollectible Vaughan Company Sales Budget Total rd Quarter July August September rd Quarter Sales in Units Selling Price per Unit $$$$ Total Sales in $ $ $ $ $ Cash Collections June's Cash Collections $ July's Cash Collections August's Cash Collections September's Cash Collections Total Cash Collections $$$$ Production Budget The company maintains a finished goods inventory equal to of the following month's sales. The inventory of finished goods on July is as it should be Vaughan Company Production Budget Total rd Quarter July August September rd Quarter October Budgeted Sales in Units Add: Desired Ending Inventory Total Needs Less: Beginning Inventory Required Production Raw Materials Purchasing Budget Each unit of SUPER DUPER widget requires pounds of WHAM compound. To prevent shortages, the company would like the inventory of WHAM compound on hand at the end of each month to equal of the following month's production needs. The inventory on July is pounds. WHAM compound costs $ per pound and Vaughan pays for of its purchases in the month of purchase; the remainder is paid in the following month. $ of WHAM compound was purchased in June and was paid for in June. Vaughan Company RM Purchasing Budget Total rd Quarter July August September rd Quarter Required Production RM per Unit # # # # Production Needs ## ## ## ## Add: Desired Ending Inventory # # ## Total Needs # # # Less: Beginning Inventory #### RM to be Purchased # Cost of RM per pound Cost of RM to be Purchased $ $ $ $ Cash Disbursements for RM June's RM Purchases
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Master Budget Project
Group C
Vaughan Company makes AMAZING SUPER DUPER Widgets. Management
is now preparing detailed budgets for the third quarter, July through September, and
has assembled the following information to assist in budget preparation:
Sales Budget
The marketing department has estimated sales as follows for the remainder of
the year: Actual sales in June were units
July October
August November
September December
The selling price of a SUPER DUPER widget is $ and all sales are on account.
Based on past experience, sales are collected in the following pattern:
in the month of sale
in month following the sale
are never collected uncollectible
Vaughan Company
Sales Budget Total
rd Quarter July August September rd Quarter
Sales in Units
Selling Price per Unit $$$$
Total Sales in $ $ $ $ $
Cash Collections
June's Cash Collections $
July's Cash Collections
August's Cash Collections
September's Cash Collections
Total Cash Collections $$$$
Production Budget
The company maintains a finished goods inventory equal to of the following
month's sales. The inventory of finished goods on July is as it should be
Vaughan Company
Production Budget Total
rd Quarter July August September rd Quarter October
Budgeted Sales in Units
Add: Desired Ending Inventory
Total Needs
Less: Beginning Inventory
Required Production
Raw Materials Purchasing Budget
Each unit of SUPER DUPER widget requires pounds of WHAM compound. To
prevent shortages, the company would like the inventory of WHAM compound on hand
at the end of each month to equal of the following month's production needs.
The inventory on July is pounds.
WHAM compound costs $ per pound and Vaughan pays for of its purchases
in the month of purchase; the remainder is paid in the following month. $
of WHAM compound was purchased in June and was paid for in June.
Vaughan Company
RM Purchasing Budget Total
rd Quarter July August September rd Quarter
Required Production
RM per Unit # # # #
Production Needs ## ## ## ##
Add: Desired Ending Inventory # # ##
Total Needs # # #
Less: Beginning Inventory ####
RM to be Purchased #
Cost of RM per pound
Cost of RM to be Purchased $ $ $ $
Cash Disbursements for RM
June's RM Purchases
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