POBLEM: 1

Product
1.
2.
3.
4.
5.
6.

Volume

Price

Total Sales

Lace Shoes
15,000
$ 40.00
$ 6,00,000
Desired ending inventory for sale = $1700
Beginning Inventory for sale = $2800
Lace Shoes require .20 square yards of leather and leather is estimated to costs $ 6.00 per yard next year.
Desired ending inventory for material - $325
Beginning Inventory for material = $350
Indirect Labor Cost = $10000; Utilities = 5000; Depreciation = $3000; Maintenance = $3000; Insurance = $700;
Taxes= $2000; Other costs = $700
Requirements:

A. Production Budget

B. Materials Budget

C. Labor Budget

D. Overhead Budget

POBLEM: 2
Product
1.
2.
3.
4.
5.
6.

Volume

Price

Total Sales

Lace Shoes
17,000
$ 42.00
$ 7,14,000
Desired ending inventory for sale = $1500
Beginning Inventory for sale = $3000
Lace Shoes require .30 square yards of leather and leather is estimated to costs $ 6.00 per yard next year.
Desired ending inventory for material - $375
Beginning Inventory for material = $300
Indirect Labor Cost = $10000; Utilities = 5000; Depreciation = $3000; Maintenance = $3000; Insurance = $700;
Taxes= $2000; Other costs = $700
Requirements:

E. Production Budget

F. Materials Budget

G. Labor Budget

H. Overhead Budget

POBLEM: 3
Product
1.
2.
3.
4.
5.
6.

Volume

Price

Total Sales

Lace Shoes
25,000
$ 50.00
$ 12,50,000
Desired ending inventory for sale = $2500
Beginning Inventory for sale = $3000
Lace Shoes require .50 square yards of leather and leather is estimated to costs $ 6.00 per yard next year.
Desired ending inventory for material - $475
Beginning Inventory for material = $400
Indirect Labor Cost = $14000; Utilities = 5000; Depreciation = $3300; Maintenance = $3000; Insurance = $1700;
Taxes= $2000; Other costs = $700
Requirements:

I. Production Budget

J. Materials Budget

K. Labor Budget

L. Overhead Budget

POBLEM: 4
Product
1.
2.
3.
4.
5.
6.

Volume

Price

Total Sales

Lace Shoes
25,000
$ 50.00
$ 12,50,000
Desired ending inventory for sale = $1200
Beginning Inventory for sale = $3500
Lace Shoes require .20 square yards of leather and leather is estimated to costs $ 6.00 per yard next year.
Desired ending inventory for material - $275
Beginning Inventory for material = $350
Indirect Labor Cost = $9000; Utilities = 5500; Depreciation = $2300; Maintenance = $3000; Insurance = $1700;
Taxes= $2200; Other costs = $1700
Requirements:

M. Production Budget

N. Materials Budget

O. Labor Budget

P. Overhead Budget

POBLEM: 5
ToTo Company has compiled the following information:
Assets of $ 1900 (mostly current assets) from the last period change with sales. Liabilities of $ 1300 from the last period
change with sales. Sales were $ 13,000 for the last period. Forecasted sales are $ 13,900. Profit margins on sales are 16% and
40% of earnings are paid-out as dividends.
POBLEM: 6
Billa Company has compiled the following information:
Assets of $ 1400 (mostly current assets) from the last period change with sales. Liabilities of $ 800 from the last period change
with sales. Sales were $ 3,500 for the last period. Forecasted sales are $ 4,100. Profit margins on sales are 11% and 45% of
earnings are paid-out as dividends.
POBLEM: 7
FALTU Company has compiled the following information:
Assets of $ 9000 (mostly current assets) from the last period change with sales. Liabilities of $ 3000 from the last period
change with sales. Sales were $ 30,000 for the last period. Forecasted sales are $ 3,900. Profit margins on sales are 6% and
40% of earnings are paid-out as dividends.
POBLEM: 8
Baper Company has compiled the following information:
Assets of $ 900 (mostly current assets) from the last period change with sales. Liabilities of $ 300 from the last period change
with sales. Sales were $ 3,000 for the last period. Forecasted sales are $ 39,000. Profit margins on sales are 6% and 40% of
earnings are paid-out as dividends.
POBLEM: 9 (Calculate Net Income)
Amar Company has compiled the following information:
1. Planned sales are 5,000 units at a price of $ 11.00 per
unit.
2. Beginning Inventory consists of 500 units at a cost of $
60.00 per unit.
3. Planned production is 5,500 units with the following
production cost:
a. Direct Materials are $ 8.50 per unit
b. Direct Labor required is 4 hours per unit @ $
2.00 per hour
c. Overhead is estimated at 2% of Direct Labor
Cost
4. Desired Ending Inventory is 600 units under the LIFO
Method.
5. Marketing Expenses are budgeted at $ 35,000
6. General & Administrative Expenses are budgeted at $
40,000

POBLEM: 10 (Calculate Net Income)

Jilapi Company has compiled the following information:
1. Planned sales are 55,000 units at a price of $ 115.00 per
unit.
2. Beginning Inventory consists of 5,500 units at a cost of $
65.00 per unit.
3. Planned production is 55,500 units with the following
production cost:
a. Direct Materials are $ 15.50 per unit
b. Direct Labor required is 4 hours per unit @ $
15.00 per hour
c. Overhead is estimated at 25% of Direct Labor
Cost
4. Desired Ending Inventory is 6,500 units under the LIFO
Method.
5. Marketing Expenses are budgeted at $ 355,000
General & Administrative Expenses are budgeted at $
450,000

POBLEM: 11 (Calculate Net Income)

Niloy Company has compiled the following information:
1. Planned sales are 40,000 units at a price of $ 114.00 per
unit.
2. Beginning Inventory consists of 4,000 units at a cost of $
64.00 per unit.
3. Planned production is 54,000 units with the following
production cost:
a. Direct Materials are $ 14.50 per unit
b. Direct Labor required is 4 hours per unit @ $
14.00 per hour
c. Overhead is estimated at 24% of Direct Labor
Cost
4. Desired Ending Inventory is 4,000 units
5. Marketing Expenses are budgeted at $ 340,000
6. General & Administrative Expenses are budgeted at $
440,000

POBLEM: 12 (Calculate Net Income)

Amit Company has compiled the following information:
1. Planned sales are 52,000 units at a price of $ 120.00 per
unit.
2. Beginning Inventory consists of 5,200 units at a cost of $
62.00 per unit.
3. Planned production is 52,000 units with the following
production cost:
a. Direct Materials are $ 12.50 per unit
b. Direct Labor required is 2 hours per unit @ $
12.00 per hour
c. Overhead is estimated at 22% of Direct Labor
Cost
4. Desired Ending Inventory is 6,200 units
5. Marketing Expenses are budgeted at $ 350,000
General & Administrative Expenses are budgeted at $
200,000

POBLEM: 13 (Calculate Net Income)

Munna Company has compiled the following information:

POBLEM: 14 (Calculate Net Income)

Wasif Company has compiled the following information:

1. Planned sales are 150,000 units at a price of $ 111.00

per unit.
2. Beginning Inventory consists of 5,100 units at a cost of $
160.00 per unit.
3. Planned production is 155,000 units with the following
production cost:
a. Direct Materials are $ 11.50 per unit
b. Direct Labor required is 4 hours per unit @ $
11.00 per hour
c. Overhead is estimated at 10% of Direct Labor
Cost
4. Desired Ending Inventory is 6,100 units under the LIFO
Method.
5. Marketing Expenses are budgeted at $ 310,000
6. General & Administrative Expenses are budgeted at $
100,000

1. Planned sales are 53,000 units at a price of $ 130.00 per

unit.
2. Beginning Inventory consists of 3,000 units at a cost of $
30.00 per unit.
3. Planned production is 55,000 units with the following
production cost:
a. Direct Materials are $ 13.50 per unit
b. Direct Labor required is 3 hours per unit @ $
13.00 per hour
c. Overhead is estimated at 20% of Direct Labor
Cost
4. Desired Ending Inventory is 3,000 units under the LIFO
Method.
5. Marketing Expenses are budgeted at $ 330,000
General & Administrative Expenses are budgeted at $
300,000

POBLEM: 15 (PREPARE BALANCE SHEET & EFR)

Saif Company has compiled the following information:

POBLEM: 16 (PREPARE BALANCE SHEET & EFR)

Rajidul Company has compiled the following information:

Sales for the last reporting period were $ 60,000

Projected sales are $ 80,000
Profit Ratio is 5% of sales
Dividend Payout Ratio is 40%
Current Balance in Retained Earnings is $ 20,000
Cash as a % of sales is 4%
Accounts Receivable as a % of sales 10%
Inventory as a % of sales is 30%
Net Fixed Assets are budgeted at $ 30,000
Accounts Payable as a % of sales is 7%
Accrued Liabilities as a % of sales is 15%
Common Stock will remain at $ 22,000

Sales for the last reporting period were $ 300,000

Projected sales are $ 400,000
Profit Ratio is 3% of sales
Dividend Payout Ratio is 20%
Current Balance in Retained Earnings is $ 100,000
Cash as a % of sales is 2%
Accounts Receivable as a % of sales 5%
Inventory as a % of sales is 15%
Net Fixed Assets are budgeted at $ 150,000
Accounts Payable as a % of sales is 3%
Accrued Liabilities as a % of sales is 8%
Common Stock will remain at $ 110,000

POBLEM: 17 (PREPARE BALANCE SHEET & EFR)

KNJ Company has compiled the following information:

POBLEM: 18 (PREPARE BALANCE SHEET & EFR)

AB Company has compiled the following information:

Sales for the last reporting period were $ 6,000

Projected sales are $ 8,000
Profit Ratio is 5% of sales
Dividend Payout Ratio is 40%
Current Balance in Retained Earnings is $ 2,000
Cash as a % of sales is 4%
Accounts Receivable as a % of sales 10%
Inventory as a % of sales is 30%
Net Fixed Assets are budgeted at $ 3,000
Accounts Payable as a % of sales is 7%
Accrued Liabilities as a % of sales is 15%
Common Stock will remain at $ 2,200

Sales for the last reporting period were $ 120,000

Projected sales are $ 1160,000
Profit Ratio is 5% of sales
Dividend Payout Ratio is 40%
Current Balance in Retained Earnings is $ 400,000
Cash as a % of sales is 8%
Accounts Receivable as a % of sales 20%
Inventory as a % of sales is 30%
Net Fixed Assets are budgeted at $ 600,000
Accounts Payable as a % of sales is 14%
Accrued Liabilities as a % of sales is 15%
Common Stock will remain at $ 440,000