Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Nama
:
Darma Guna
NIM
:
2019104432
Nilai
:
TUGas dikUmPULkan hari Selasa, 2 Maret 2020 !!!
6-43 Comprehensive budgeting problem; activity-based costing, operating, and financial
budgets.
Tyva makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular
sandals have cloth soles and the Deluxe sandals have cloth-covered wooden soles. Tyva is preparing
its budget for June 2015 and has estimated sales based on past experience.
Other information for the month of June follows:
InpUt Prices
Direct materials
Cloth
Wood
Direct manufacturing labor
$ 5,25 per yard
$ 7,50 per board foot
$ 15,00 per direct manufacturing labor-hour
InpUt QUantities per Unit of OUtpUt (per pair of sandals)
Direct materials
Cloth
Wood
Direct manufacturing labor-hours (DMLH)
Setup-hours per batch
Regular
Deluxe
1,30 yards
- b.f.
5 hours
2 hours
1,50 yards
2 b.f.
7 hours
3 hours
Inventory Information, Direct Materials
Beginning inventory
Target ending inventory
Cost of beginning inventory
Cloth
610 yards
386 yards
$ 3.219
Wood
800 b.f.
295 b.f.
$ 6.060
Tyva accounts for direct materials using a FIFO cost flow assumption.
Sales and Inventory Information, Finished Goods
Expected sales in units (pairs of sandals)
Selling price
Target ending inventory in units
Beginning inventory in units
Beginning inventory in dollars
Regular
2.000
$
120
400
250
$ 23.250
Deluxe
3.000
$
195
600
650
$ 92.625
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Tyva uses a FIFO cost flow assumption for finished goods inventory.
All the sandals are made in batches of 50 pairs of sandals. Tyva incurs manufacturing overhead
costs, marketing, and general administration, and shipping costs. Besided materials and labor,
manufacturing costs include setup, processing, and inspection costs. Tyva ships 40 pairs of sandals
per shipment. Tyva uses activity-based costing and has classified all overhead costs for the month
of June as shown in the following chart:
Cost type
Denominator Activity
Rate
Manufacturing
Setup
Processing
Inspection
Setup-hours
Direct manufacturing labor-hours
Number of pairs of sandals
Nonmanufacturing
Marketing and general administration
Shipping
Sales revenue
Number of shipments
1.
$
$
$
$
18 per setup-hours
1,80 per DMLH
1,35 per pair
8%
15,00 per shipment
Prepare each of the following for June:
a. Revenues budget
b. Production budget in units
c. Direct material usage budget and direct material purchases budget in both units and dollars;
round to dollars
d.
e.
f.
g.
Direct manufacturing labor cost budget
Manufacturing overhead cost budgets for setups, processing, and inspection activities
Budgeted unit cost of ending finished goods inventory and ending inventories budget
Cost of goods sold budget
h. Marketing and general administration and shipping costs budget
2. Tyva’s balance sheet for May 31 follows.
Tyva Balance Sheet as of May 31
Assets
Cash
Accounts receivable
Less: Allowance for bad debts
Inventories
Direct materials
Finished goods
Fixed assets
Less: Accumulated depreciation
Total assets
Liabilities and Equity
Accounts Payable
$
$
324.000
16.200
307.800
9.279
115.875
$
870.000
136.335
$
$
Taxes payable
Interest payable
Long-term debt
Common Stock
Retained Earnings
Total liabilities and equity
9.435
733.665
1.176.054
15.600
10.800
750
150.000
300.000
698.904
$
1.176.054
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Use the balance sheet and the following information to prepare a cash budget for Tyva for
June. Round to dollars.
 All sales are on account; 60% are collected in the month of the sale, 38% are collected
the following month, and 2% are never collected and written off as bad debts.
 All purchases of materials are on account. Tyva pays for 80% of purchases in the month
of purchase and 20% in the following month.
All other costs are paid in the month incurred, including the declaration and payment of
a $15,000 cash dividend in June.
 Tyva is making monthly interest payments of 0.5% (6% per year) on a $150,000 longterm loan.
 Tyva plans to pay the $10,800 of taxes owed as of May 31 in the month of June. Income
tax expense for June is zero.
 30% of processing, setup and inspection costs and 10% of marketing and general
administration and shipping costs are depreciation.
3. Prepare a budgeted income statement for June and a budgeted balance sheet for Tyva as of

June 30, 2015.
a
Revenue Budgets
Budget
For the Month of June, 2015
Reguler
Deluxe
Total
b
Produk
2000
Unit
$
3000
$
Selling
Total
Price
Revenues
$ 240.000
120
195
$
$
585.000
825.000
Production Budget
Product
Regular
Budgeted unit sales :
Add
:
Total required units
Deduct :
Units of finished goods to be produced
2000
400
2400
250
2.150
Deluxe
3000
600
3600
650
2.950
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
c
Direct Material Budget
Direct Material Usage Budget in Quantity and Dollars For the Month of June, 2015
Material
Cloth
Wood
Wood
Physical Units Budget
Direct materials required for
Regular
Deluxe
( 2150
( 2,950
units x 1.3
units x 1.5
yd.; 0
yd.; 2
yds.
yds.
yds.
2795
4425
7220
b.f.)
b.f.)
Total quantity of direct materials to be used
b.f.
0
5900 b.f.
5900 b.f.
Cost Budget
Available from beginning direct materials inventory
(under a FIFO cost-flow assumption)
To be purchased this period
Cloth : ( 7220
yds. - 610
yds.) x $ 5.25
Wood : ( 5900
yds. - 800
yds.) x $ 7.50
3219
per yd.
$
6060
34703
per b.f.
$
$
$
37922
38250
44310
$
82.231,50
Direct Material Usage Budget in Quantity and
Dollars For the Month of June, 2015
Material
Cloth
Wood
Total
Physical Units Budget
7,220 yds.
386 yds.
7,606 yds.
610 yds.
6,996 yds.
To be used in production
Add
:
Total requirements
Deduct :
Purchases to be made
Cost Budget
Cloth : ( 6,996
Wood : ( 5,395
Total
yds. x $ 5.25
b.f. x $ 7.50
)
5,900 b.f.
295 b.f.
6,195 b.f.
800 b.f.
5,395 b.f.
$ 36,729
)
$ 40,463
$ 36,729
$ 40,463
$
77.191,50
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
d
Direct manufacturing labor cost budget
Direct Manufacturing Labor Costs
Budget For the Month of June, 2015
Output Units
Produced
Regular
Deluxe
Direct Manufacturing
Labor-Hours per Unit
2,150
2,950
Total
Hours
5
7
$15
10,750
20,650
31,400
Total
e
Hourly Wage
Rate
Total
$161,250
15
309,750
$471.000
Manufacturing overhead costs budget for setups, processing, and inspection activities
Additional compUTation for nUMber of batch reqUIREd in prodUCtion:
ProDUCt
Total
RegULar
Units of finished goods to be proDUCed
2150
NUMber of sandals in one batch
NUMber of batches
DelUXe
÷
REQUIRED
2950
50
÷
50
43
59
batches
batches
43 x 2 Hour
SetUP hoURS per batch
Total setUP hoURS
REQUIRED
hoURS
x
177
86
263
59 x 3 Hour
hoURS
hoURS
Manufacturing Overhead Costs Budget
For the Month of June 2015
Machine setup
Processing
Inspection
Total
f
(
(
(
263
31400
5100
hours x $ 18
DLMH x $
per setup-hours)
1.80
pairs of sandal x $
$
per DMLH)
1.35
Total
4.734
.
56.520
6.885
per pair)
$
Budgeted unit cost of ending finished goods inventory and ending inventories budget
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Additional compUTATion for machine setUp-HOURS for each UNIt:
Setup-hours per batch
Pairs of sandal in each batch
Setup-hours per unit (pairs)
2 Hours
÷ 50 Pairs
0.04 Per unit
3 Hours
÷ 50 Pairs
0.06 Per unit
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Unit Costs of Ending Finished Goods Inventory For
the Month of June, 2015
Reguler
Cost per
Unit of Input
Cloth
$
Wood
Direct manufacturing labor
Machine setup
Processing
Inspection
Total
5.25
7.50
15.00
18.00
1.80
1.35
Deluxe
Input per
Unit of Output
yd.
1.3
0
5
0.04
5
1
Input per
Total
Unit of Output
$
yd.
6.83
0.00
75.00
0.72
9.00
1.35
b.f.
hr.
hr.
hrs
pair
$
Total
2 b.f.
7 hr.
0.06 hr.
7 hrs
1 pair
92,895
$
7.88
15.00
105.00
1.08
12.60
1.35
$142,905
Ending Inventories Budget
June, 2015
Quantity
Direct Materials
Cloth
386
295
Wood
Finished goods
Regular
Deluxe
400
600
Cost per Unit
Total
yds.
$5.25
$2,026.50
b.f.
$7.50
2,212.50
pairs of sandals
$92,90
pairs of sandals
$142,91
$
$37,160
85,746
Total ending inventory
g
4,239
$
122,906
$
127.140,00
Cost of goods sold budget
Beginning finished goods inventory, June 1 ( $
Direct materials used (requirement c)
23.250
+ $
$
Direct manufacturing labor (requirement d)
Manufacturing overhead (requirement e)
92.625
115.875
82,232
471,000
68,139
Cost of goods manufactured
621,371
737,246
122,906
Cost of goods available for sale
Deduct : ending finished goods inventory, June 30 (requirement f)
Cost of goods sold
$
614.344,50
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
h
Marketing and general administration and shipping cost budget
Nonmanufacturing Costs Budget
For the Month of June, 2015
Total
Marketing and general administration
( $825.000
x
8 %)
Shipping
pairs ÷ 40
pairs per shipment) x $ 15
( 5,000
2
$
66,000
$
1,875
67.875,00
Cash Budget
Cash balance, June 1 (from balance sheet )
Add receipts
Collection from May accounts receivable
$
9,435
$ 307,800
Collection from June accounts receivable
( $825,000
x 60 %)
495,000
Total collection from customers
802,800
812,235
Total cash available for needs (x )
Deduct cash disbursments
Direct material puchase in May
15,600
Direct material purchase in June
( $77,192
x 80 %)
61,754
471,000
Direct manufacturing labor
Manufacturing overhead
( $68,139
x 70
% because 30% is depr.)
47,697
Nonmanufacturing costs
( $67,875
x 90
% because 10% is depr.)
Taxes
61,088
10,800
Dividend
15,000
682,939
Total disbursments (y )
Financing
Interest at 6% ( 150,000
x6
% x 1 ÷ 12
Ending cash balance, June 30 (x)-(y)-(Z)
750
) (Z)
$
128.547,00
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
3
Budgeted income statement
Budgeted Income Statement
For the Month of June, 2015
Revenues
Bad debt expense ( $
$
825,000 x
825,000
16.500,00
2%)
Net revenues
Cost of goods sold
808,500
614,340
194,160
$
Gross margin
Operating (nonmanufacturing) costs
67,875
750
Interest expense (for June)
Net income
68,625
125.530,50
$
Budgeted Balance Sheet
Budgeted Balance Sheet
June 30, 2015
Assets
Cash
$
Accounts receivable ($ 825,000
x 40
%)
$ 330,000
Less: allowance for doubtful accounts
Inventories
Direct materials
Finished goods
136.335 + 30
16,500
313,500
4,239
122,906
127,145
870,000
Fixed assets
Less: accumulated depreciation
( $
128,546
% x $ 68,139
+ 10
% x $ 67.875
163,564
)
Total assets
706,436
$
1.275.622,80
Liabilities and Equity
Accounts payable( $ 77,192
x 20 %)
Interest payable
Long-term debt
Common stock
Retained earnings ($ 698,904
Total liabilities and equity
+ $ 125,535
- $ 15,000
)
15,438
750
150,000
300,000
809,439
1.275.622,80
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
Pilih Jawaban yang paling tepat
1) Which of the following is true of a budget?
A) Budgets are used to express only the operational plans and not the strategic plans of a company.
B) Budgets do not account for nonfinancial aspects of the upcoming period.
C) Budgets are most useful when they are planned independent of the company's strategic plans.
D) Budgets help managers to revise their plans and strategies.
2) Which of the following is a financial budget?
A) budgeted balance sheet
B) cash receivables budget
C) production budget
D) cost of goods sold budget
3) Which of the following is a reason why top managers want lower-level managers to participate in
the budgeting process?
A) To benefit from their experience with the day-to-day aspects of running the business.
B) To reduce the time and cost expended in the budgeting process.
C) To ensure that they do not introduce any budgetary slack.
D) To ensure that the budgets are administered rigidly given the changing market conditions.
4) Demanding but achievable targets tend to
.
A) be set by subordinate managers to create intrinsic reasons to achieve targets
B) create unnecessary anxiety that de-motivates employees
C) improve performance of employees when they are closer to the target
D) be perceived as ambitious with little chance of success in achieving targets
5) Which of the following is referred to as the bottom-up aspect of the budgeting process?
A) lower-level managers setting their individual targets that aggregate to be the company-wide
target
B) senior managers consulting middle- and lower-level managers to investigate any deviations from
the budget
C) lower-level managers implementing the budgets with senior managers monitoring progress and
investigating deviations
D) lower-level managers providing inputs to the budgeting process based on their specialized
knowledge
6) Which of the following is a component of operating budgets?
A) sales budget
B) budgeted statement of cash flows
C) capital expenditures budget
D) budgeted balance sheet
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
7) The order to follow when preparing the operating budget is
.
A) revenues budget, production budget, and direct manufacturing labor costs budget
B) costs of goods sold budget, production budget, and cash budget
C) revenues budget, manufacturing overhead costs budget, and production budget
D) cash expenditures budget, revenues budget, and production budget
10) The budgeting process is most strongly influenced by
.
A) the capital budget
B) the budgeted statement of cash flows
C) the sales forecast
D) the production budget
11) Costs such as supervision, depreciation, maintenance, supplies, and power. are included in the
A) capital expenditures budget
B) distribution costs budget
C) revenues budget
D) manufacturing overhead budget
12) The number of units in the sales budget and the production budget may differ because of a
change in
.
A) finished goods inventory levels
B) overhead charges
C) direct material inventory levels
D) sales returns and allowances
13) Budgeted production equals
.
A) beginning finished goods inventory + budgeted unit sales - targeted ending finished goods
inventory
B) targeted ending finished goods inventory + beginning finished goods inventory - budgeted unit
sales
C) budgeted unit sales + targeted ending finished goods inventory - beginning finished goods
inventory
D) budgeted unit sales + targeted ending finished goods inventory + beginning finished goods
inventory
14) Total finished units to be produced is based on the
A) direct material purchase budget
B) budgeted sales units
C) direct material usage budget
D) budgeted manufacturing overhead
.
15) The Japanese use the term kaizen when referring to
.
A) scarce resources
C) continuous improvement
B) pro forma financial statements
D) the sales forecast
September 22, 2020
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Management AccoUNting - TUgas Mandiri 01 – Master BUdget
The following information pertains to the January operating budget for Casey Corporation.
•
•
•
•
•
•
•
•
Budgeted sales for January $200,000 and February $100,000.
Collections for sales are 60% in the month of sale and 40% the next month.
Gross margin is 30% of sales.
Administrative costs are $10,000 each month.
Tuliskan perhitungan (kasar)
anda untuk setiap jawaban!
Beginning accounts receivable is $20,000.
Beginning inventory is $14,000.
Beginning accounts payable is $65,000. (All from inventory purchases.)
Purchases are paid in full the following month.
•
Desired ending inventory is 20% of next month's cost of goods sold (COGS).
16) For January, budgeted cash collections are
.
A) $200,000
B) $140,000
C) $120,000
D) $20,000
Explaination : $20,000 + ($200,000 × 60%) = 140.000
17) At the end of January, budgeted accounts receivable is
A) $40,000
B) $80,000
C) $120,000
D) $160,000
Explanation : $200,000 × 40% = $80,000
18) For January, budgeted cost of goods sold is
A) $200,000
B) $140,000
C) $126,000
D) $112,000
Explanation : $200,000 × 70% = 140.000
.
.
19) For January, budgeted net income is
.
A) $60,000
B) $50,000
C) $40,000
D) $30,000
Explanation : $200,000 - $140,000 - $10,000 = $50,000
20) For January, budgeted cash payments for purchases are
A) $100,000
B) $70,000
C) $65,000
D) $50,000
Explanation : seperti yang tercantum di informasi yaitu $65,000
.
February 16, 2020
11
Management AccoUNting - TUgas Mandiri 01 – Master BUdget
21) At the end of January, budgeted ending inventory is
A) $10,000
B) $14,000
C) $20,000
D) $22,000
.
Explanation :$100,000 × 70% × 20% = $14,000
February 16, 2020
12
Management AccoUNting - TUgas Mandiri 01 – Master BUdget
22) The flexible budget contains
.
A) budgeted amounts for actual output
B) budgeted amounts for planned output
C) actual costs for actual output
D) actual costs for planned output
23) Which of the following items will be same for a flexible budget and a master budget?
A) total variable cost
B) total fixed costs
C) total contribution margin
D) total revenues
Jawab pertanyaan 24-26 dengan menggunakan informasi berikut.
Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit,
and planned to make 1,100 units but actually made 900 units.
24) The flexible-budget amount for materials is
A) $165,000
.
B) $135,000
C) $161,700
D) $132,300
Explanation : 900 units × $150 = $135,000
25) The flexible-budget variance for materials is
.
A) $2,700 favorable
B) $2,700 unfavorable
C) $3,300 unfavorable
D) $3,300 favorable
Explanation : ($147 − $150) × 900 = $2,700 F
26) The sales-volume variance for materials is
A) $2,700 favorable
B) $29,400 unfavorable
C) $30,000 unfavorable
D) $2,700 unfavorable
.
Explanation : (900 − 1,100) × $150 = $30,000 u
February 16, 2020
13