prepare operational budgets
Q3: Background information for Rat's Kebabs. The following budgeted information is provided by Rat's Kebabs for the three months to end 30 September July $ 122,000 38,000 18,000 26,000 August $ 104,000 32,000 26,000 22.000 September $ 161,000 56,000 22,000 30,000 Sales Purchases Opening Inventory Closing Inventory Expenses Marketing Administration Financial 16,000 2,400 4.200 0 18,000 4,300 3,900 800 24,000 5,800 6,400 1,400 Other Income Q3: Prepare a Budgeted Income Statement for each of the three months. 122000 - 300.0 92000 104000 - 36000 68000 Budgeted Income Statements for the three months to 30 September July September Sales 122000 104 000 161600 Le Cost of us sold Opening inventory ISOO 26000 22000 Add: Purchases + 38c09 32000 56000 Goods available for sale 56000 58000 78.000 Less: Closing Inventory 26000 22000 3oooo Gross profit 92000 78000 113000 Add Other income 0 800 1400 Total operating income 92000 68300 114400 Less Expenses 16000 18000 24000 Administration 2400 4300 5800 Financial 3900 6400 Net profit before tax 69400 42600 78200 161000 4 Roco 113000 July Aug sep 22600 26200 36200 92000 69400 4200 226.00 68800-25200 42600 Q.2 Refer to the Badget and Forecast policy of Rais Kebabs and answer the following questions 3.2.1 Lite (2) budget objectives applied in the above budget and discuss whether there are content with organisational aims and forecasts (30-100 words in answer). 114400-36200 = 3.2.1 Dices and early the budget information according to the organisational procedures. Include with whom the information was discussed and why you think their Input would be valuable. (use 50-150 words in answer), 3.2.3 Discuss the process for submission, approval and distribution of the budget as outlined in the budget policy? (use 50-100 words in answer). Q3: Background information for Rat's Kebabs. The following budgeted information is provided by Rat's Kebabs for the three months to end 30 September July $ 122,000 38,000 18,000 26,000 August $ 104,000 32,000 26,000 22.000 September $ 161,000 56,000 22,000 30,000 Sales Purchases Opening Inventory Closing Inventory Expenses Marketing Administration Financial 16,000 2,400 4.200 0 18,000 4,300 3,900 800 24,000 5,800 6,400 1,400 Other Income Q3: Prepare a Budgeted Income Statement for each of the three months. 122000 - 300.0 92000 104000 - 36000 68000 Budgeted Income Statements for the three months to 30 September July September Sales 122000 104 000 161600 Le Cost of us sold Opening inventory ISOO 26000 22000 Add: Purchases + 38c09 32000 56000 Goods available for sale 56000 58000 78.000 Less: Closing Inventory 26000 22000 3oooo Gross profit 92000 78000 113000 Add Other income 0 800 1400 Total operating income 92000 68300 114400 Less Expenses 16000 18000 24000 Administration 2400 4300 5800 Financial 3900 6400 Net profit before tax 69400 42600 78200 161000 4 Roco 113000 July Aug sep 22600 26200 36200 92000 69400 4200 226.00 68800-25200 42600 Q.2 Refer to the Badget and Forecast policy of Rais Kebabs and answer the following questions 3.2.1 Lite (2) budget objectives applied in the above budget and discuss whether there are content with organisational aims and forecasts (30-100 words in answer). 114400-36200 = 3.2.1 Dices and early the budget information according to the organisational procedures. Include with whom the information was discussed and why you think their Input would be valuable. (use 50-150 words in answer), 3.2.3 Discuss the process for submission, approval and distribution of the budget as outlined in the budget policy? (use 50-100 words in answer)
