ASIGNMENT NO: 3

Name:

Mohammad Abdullah

Enrollment:

2010-E-037

Class:

MBA (4th quarter)

Course:

Managerial Accounting.

Topic:

Direct Labor Budget

Manufacturing Overhead Budget
Selling and Administration
Expanse Budget.

Submitted To:

Ms. Noureen Iqbal Khan

Submission Date: 18-02-2012

INSTITUTE OF MANAGEMENT SCIENCES UNIVERSITY OF

BALUSHISTAN QUATT

The Master Budget...

18/02/2012

EXERCISE 9-4: DIRECT LABOR BUDGET

(A)
JUNNEN CORPORATION
DIRECT LABOR BUDGET
FOR THE YEAR ENDED 20X0

PARTICULARS
PRODUCTION UNITS
DIRECT LABOR HOUR PER UNIT
TOTAL DIRECT LABOR HOUR NEEDED
DIRECT LABOR COST PER HOUR
TOTAL BUDGETED DIRECT LABOR COST
(B)

1st
5000
0.40
2000
$ 11.00
$ 22,000.00

QUARTERS
2nd
3rd
4400
4500
0.40
0.40
1760
1800
$ 11.00
$ 11.00
$ 19,360.00
$19,800.00

4th
4900
0.40
1960
$ 11.00
$21,560.00

YEAR
18800
0.40
7520
$ 11.00
$82,720.00

JUNNEN CORPORATION
DIRECT LABOR BUDGET
FOR THE YEAR ENDED 20X0

PARTICULARS
PRODUCTION UNITS
DIRECT LABOR HOUR PER UNIT
TOTAL DIRECT LABOR HOUR NEEDED
FIX LABOR HOUR TO BE PAID
RATE PER NORMAL HOUR
DIRECT LABOR COST NORMAL
OVERTIME HOURS
RATE OVER TIME W:1
OVERTIME PREMIUM
BUDGETED DIRECT LABOR COST
W:1 OVERTIME PREMIUM RATE:

1st
5000
0.4
2000
1800
$ 11.00
$ 19,800.00
200
$ 16.50
$ 3,300.00
$ 23,100.00

QUARTERS
2nd
3rd
4400
4500
0.4
0.4
1760
1800
1800
1800
$ 11.00
$ 11.00
$19,800.00
$19,800.00
0
0
$ $ $
$
$ 19,800.00
$ 19,800.00

4th
4900
0.4
1960
1800
$ 11.00
$19,800.00
160
$ 16.50
$ 2,640.00
$ 22,440.00

YEAR
18800
0.4
7520
7200
$ 11.00
$79,200.00
360
$ 16.50
$ 5,940.00
$ 85,140.00

11 X 1.5 = $ 16.50/-

Mohammad Abdullah Shah Bukhari-E-037-2010-12

Institute Of Management Sciences University Of Balochistan Quetta

The Master Budget...

18/02/2012

EXERCISE 9-5: MANUFACTURING OVERHEAD BUDGET

(A)
KRISPIN CORPORATION
MANUFACTURING OVERHEAD BUDGET
FOR THE YEAR ENDED 20X0

PARTICULARS
BUDGETED DIRECT LABOR HOURS
VARIABLE OVERHEAD RATE
VARIABLE MANUFACTURING OVERHEAD
FIX MANUFATURING OVERHEAD
TOTAL MANUFACTURING OVERHEAD
DEPRECIATION
CASH DISBURSMENT FOR MANUFACTING
(B)
TOTAL MANUFACTURING OVERHEAD (A)
BUDGETED DIRECT LABOR HOUR(B)
PRE DETERMINED OVERHEAD RATE FOR THE YEAR (A) (B)

Mohammad Abdullah Shah Bukhari-E-037-2010-12

Institute Of Management Sciences University Of Balochistan Quetta

1st
5000
1.75
$ 8,750.00
$ 35,000.00
$ 43,750.00
$ 15,000.00
$ 28,750.00

QUARTERS
2nd
3rd
4800
5200
1.75
1.75
$ 8,400.00
$ 9,100.00
$ 35,000.00
$ 35,000.00
$ 43,400.00
$ 44,100.00
$ 15,000.00
$ 15,000.00
$ 28,400.00
$ 29,100.00

4th
5400
1.75
$ 9,450.00
$ 35,000.00
$ 44,450.00
$ 15,000.00
$ 29,450.00

YEAR
20400
1.75
$ 35,700.00
$ 140,000.00
$ 175,700.00
$ 45,000.00
$ 130,700.00

$ 175,700.00
$ 20,400.00
$
9

The Master Budget...

18/02/2012

ESERCISE 9-6: SELLING AND ADMINISTRATIVE EXPANSE BUDGET

HEARVE COMPANY
SELLING AND ADMINISTRATIVE EXPANSE BUDGET
FOR THE YEAR ENDED 20X0.
QUARTERS
PARTICULARS
BUDGETED SALES UNITS
VARIABLE SELLING & ADMIN EXPANSE PER UNIT
BUDGETED VARIABLE EXPANSE
FIX SELLING & ADMIN EXPANSES:
ADVERTIZING
EXECUTIVE SALARIES
DEPRECIATION
INSURANCE PAYMENT
PROPERTY TAXES
BUDGETED FIX SELLING & ADMIN EXPANSE
BUDGETED SELLING & ADMIN EXPANSE
LESS DEPRECIATION
CASH DISBURSMENT FOR SELLING & ADMIN EXPANSE

Mohammad Abdullah Shah Bukhari-E-037-2010-12

Institute Of Management Sciences University Of Balochistan Quetta

1st
12000
$ 2.75
$ 33,000.00

2nd
14000
$ 2.75
$ 38,500.00

3rd
11000
$ 2.75
$ 30,250.00

4th
10000
$ 2.75
$ 27,500.00

YEAR
47000
$ 2.75
$ 129,250.00

$ 12,000.00
$ 40,000.00
$ 16,000.00
$
$
$ 68,000.00
$101,000.00
$ 16,000.00
$ 85,000.00

$ 12,000.00
$ 40,000.00
$ 16,000.00
$ 6,000.00
$
$ 74,000.00
$112,500.00
$ 16,000.00
$ 96,500.00

$ 12,000.00
$ 40,000.00
$ 16,000.00
$
$ 6,000.00
$ 74,000.00
$ 104,250.00
$ 16,000.00
$ 88,250.00

$ 12,000.00
$ 40,000.00
$ 16,000.00
$ 6,000.00
$
$ 74,000.00
$ 101,500.00
$ 16,000.00
$ 85,500.00

$ 48,000.00
$ 160,000.00
$ 64,000.00
$ 12,000.00
$ 6,000.00
$ 290,000.00
$ 419,250.00
$ 64,000.00
$ 355,250.00