need 10.01, 10.02,10.03,10.04,10.05,10.06,10.07,10.08,10.09,10.10
i only need 5.04,6.02,6.03
1 See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8,000.00 500 @ $16.00 0 3000 @ $30.00 90,000.00 $ 200,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6,800.00 13,200.00 $213.410.00 54.000.00 54,000.00 S Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 5 12,000.00 147.410.00 159.410.00 $ 213.410.00 Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $###) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, $####) Fixed Factory Overhead Total Factory Overhead (Round to two places, S####) 2 Malenals Budget Lamp Kits 43.600 units 550 units 44.150 units 500 units {8.01 {8.02) {8.03) {8.04 Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S# ## $ $ 16.72 729,828.00 {8.05) {8.06) 3 Direct Labor Budget {8.07 Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $####) 2.10 43,600 units 91,560.00 {8.08) 4 Eactory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S# ## Fixed Factory Overhead 43.600 units $ 270,000.00 (8.09) {8.10) Total Factory Overhead (Round to two places, S### {8.11) 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below. (Note: Receivables and Payables of 12/31/x1 will have a cash impact in 20x2.) 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February 12. 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. All other manufacturing and operating costs are paid for when incurred. 14. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses. 15. Minimurn Cash Balance needed for 20x2. $180,000 7 Budgeted Income Statement $ 1,079.400.00 Sales Cost of Goods Sold Gross Profit Selling Expenses & Admin Expenses Net Income $311,890.00 (10.01 9 20 21 2 8 Cash Budget 23 25 Assume actual cash receipts and disbursements will follow the pattem below (Note: Receivables and 26 Payables of 12/31/x1 will have a cash impact in 20x2.) 27 28 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day torms 29 those funds will be collected be collected in January and February 31 2 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 32 3. All other manufacturing and operating costs are paid for when incurred. 334 The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative oxpenses 34. 5 Minimum Cash Balance needed for 20x2. $180,000 25 those funds will be collected be collected in January and February 2 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay of February 3. All other manulacturing and operating costs are paid for when incurred 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses 15. Minimum Cash Balance needed for 20x2, 5180,000 See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round dollars to two places, SA Beginning Cash Balance Cash inflows Sales Collections Account Recevable (Sales last year not collected) Sales made and collected in 20x2 Cash Available 11002) 10.00) (10.04 1005) Cash Outflows Purchase Accounts Payablo (Purchasen last year) Purchases made and paid for in 20x2 Other Manutacturing Conta Direct Labor Total Manufacturing Overhead Selling and Administrative Less: Depreciation Total Cash Outflows 47006) 100 Budgeted Cash Balance before financing Needed Minimum Balance to ay Amount to be borrowed (if any) (1009 Budgeted Cash Balance [10.107 1 See The Light Projected Balance Sheet As of December 31, 20x1 $ 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets 8,000.00 500 @ $16.00 0 3000 @ $30.00 90,000.00 $ 200,210.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets $ 20,000.00 6,800.00 13,200.00 $213.410.00 54.000.00 54,000.00 S Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 5 12,000.00 147.410.00 159.410.00 $ 213.410.00 Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $###) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, $####) Fixed Factory Overhead Total Factory Overhead (Round to two places, S####) 2 Malenals Budget Lamp Kits 43.600 units 550 units 44.150 units 500 units {8.01 {8.02) {8.03) {8.04 Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S# ## $ $ 16.72 729,828.00 {8.05) {8.06) 3 Direct Labor Budget {8.07 Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $####) 2.10 43,600 units 91,560.00 {8.08) 4 Eactory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S# ## Fixed Factory Overhead 43.600 units $ 270,000.00 (8.09) {8.10) Total Factory Overhead (Round to two places, S### {8.11) 8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below. (Note: Receivables and Payables of 12/31/x1 will have a cash impact in 20x2.) 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February 12. 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 3. All other manufacturing and operating costs are paid for when incurred. 14. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses. 15. Minimurn Cash Balance needed for 20x2. $180,000 7 Budgeted Income Statement $ 1,079.400.00 Sales Cost of Goods Sold Gross Profit Selling Expenses & Admin Expenses Net Income $311,890.00 (10.01 9 20 21 2 8 Cash Budget 23 25 Assume actual cash receipts and disbursements will follow the pattem below (Note: Receivables and 26 Payables of 12/31/x1 will have a cash impact in 20x2.) 27 28 1. 17.00% of sales for the year are made in November and December. Since our customers have 60 day torms 29 those funds will be collected be collected in January and February 31 2 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February 32 3. All other manufacturing and operating costs are paid for when incurred. 334 The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative oxpenses 34. 5 Minimum Cash Balance needed for 20x2. $180,000 25 those funds will be collected be collected in January and February 2 85.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay of February 3. All other manulacturing and operating costs are paid for when incurred 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses 15. Minimum Cash Balance needed for 20x2, 5180,000 See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round dollars to two places, SA Beginning Cash Balance Cash inflows Sales Collections Account Recevable (Sales last year not collected) Sales made and collected in 20x2 Cash Available 11002) 10.00) (10.04 1005) Cash Outflows Purchase Accounts Payablo (Purchasen last year) Purchases made and paid for in 20x2 Other Manutacturing Conta Direct Labor Total Manufacturing Overhead Selling and Administrative Less: Depreciation Total Cash Outflows 47006) 100 Budgeted Cash Balance before financing Needed Minimum Balance to ay Amount to be borrowed (if any) (1009 Budgeted Cash Balance [10.107
