Subject: Managerial Accounting

Thanks in advance.

You have been approached by the manager at Minnie Manulacturing Umited, Mr Moule. They were in the process of completing their master budget for the quarter ending Segte-ber 30, 2023 when their accountant, Ms. Daisy, became if 8 had to leave work. Mr. Mouse is analous to complete the master budget 8 has corne to you for assistance. Prior to becoming ill, Ms. Dalay was able to gather all the informabion needed s completed the sales, mafudacturing everhead and selling and adminibtrative expeme buderta. The following information has been gathered to assist you in completing the master budget for Minnie Manufacturing dimited Sales are 20% cash 8800 on credin. Credt sales are collected 700 in morth ef gale 8 25% in month following sale [5\% are vncollectible\}. 2. The company produces enough units each month to meet the monts sales plus a desined ending inventory equal to 100 of the next month's estimated sales. 3. Minne pays 500 of raw material in the month of purchase \& pays the remuining 500 in the following month. Each unit of product reguires 10 ke of raw materihs at a cent of 50,60 per kg. The carnpary purchases enough raw materials each manth for the cument manthr produrtion and 200 of next month's production requirements. 4. Each unit of firiahed goods requires 1.2 bbour hourk. The awwage wage rate is 52p hour 5. The company plans to purchase equipment at a cost of $80,050 in luly. 6. Minnie plans to pay $15.000 in dividends to it's shaceholders in 5 eatember. 7. The company wishes to maintain a minimum cash balance of $20,000 at the end of each monthe 8. The company has an agreement with the local bank that aliows them to boewew up to 550,000 . The interest rate on the loam is 10% and there are no loans putodading at dune 30 . Ar borrowing is done at the start of the month and all repayments are made at the end of the month. Required: Please compete the following budgets for the thind quarter of 2003 by month g fotal for quarter. (July, August, September) 1- Cash collections budget 2- Production budget 3. Rave materials budget. 4- Direct labour budget 5- Ending finished goods 6-Cash budget You have been approached by the manager at Minnie Manulacturing Umited, Mr Moule. They were in the process of completing their master budget for the quarter ending Segte-ber 30, 2023 when their accountant, Ms. Daisy, became if 8 had to leave work. Mr. Mouse is analous to complete the master budget 8 has corne to you for assistance. Prior to becoming ill, Ms. Dalay was able to gather all the informabion needed s completed the sales, mafudacturing everhead and selling and adminibtrative expeme buderta. The following information has been gathered to assist you in completing the master budget for Minnie Manufacturing dimited Sales are 20% cash 8800 on credin. Credt sales are collected 700 in morth ef gale 8 25% in month following sale [5\% are vncollectible\}. 2. The company produces enough units each month to meet the monts sales plus a desined ending inventory equal to 100 of the next month's estimated sales. 3. Minne pays 500 of raw material in the month of purchase \& pays the remuining 500 in the following month. Each unit of product reguires 10 ke of raw materihs at a cent of 50,60 per kg. The carnpary purchases enough raw materials each manth for the cument manthr produrtion and 200 of next month's production requirements. 4. Each unit of firiahed goods requires 1.2 bbour hourk. The awwage wage rate is 52p hour 5. The company plans to purchase equipment at a cost of $80,050 in luly. 6. Minnie plans to pay $15.000 in dividends to it's shaceholders in 5 eatember. 7. The company wishes to maintain a minimum cash balance of $20,000 at the end of each monthe 8. The company has an agreement with the local bank that aliows them to boewew up to 550,000 . The interest rate on the loam is 10% and there are no loans putodading at dune 30 . Ar borrowing is done at the start of the month and all repayments are made at the end of the month. Required: Please compete the following budgets for the thind quarter of 2003 by month g fotal for quarter. (July, August, September) 1- Cash collections budget 2- Production budget 3. Rave materials budget. 4- Direct labour budget 5- Ending finished goods 6-Cash budget