Master budget project managerial accounting

Requirements: 1) Using the data input provided, prepare AF’s master budgets in Excel. Do not hard-code numbers into the spreadsh except in the financing section of the cash budget. 2) Conduct a sensitivity analysis by decreasing sales 2%, and 5% for April through August. New sales levels are prov below. Adjust the financing and cash needs at these new sales levels. Your spreadsheet should have new tabs with th levels changed. Decreased by 2% 5% 2.450 2.375 5.880 5.700 2.940 2.850 2.450 2.375 1.960 1.900 Budgeted sales April (units) May (units) June (units) July (units) August (units) Expected 2.500 6.000 3.000 2.500 2.000 3) Watch the Annin Flagmaking video. www.youtube.com/watch?v=GPC1ZMOeAr8 Excel. Do not hard-code numbers into the spreadsheet, or April through August. New sales levels are provided ls. Your spreadsheet should have new tabs with the sales ?v=GPC1ZMOeAr8 Input Data (all currency in US$) Budgeted Sales April (units) May (units) June (units) July (units) August (units) Selling Price/Unit Expected 2.500 6.000 3.000 2.500 2.000 $120,00 Cash Collection Pattern Month of sale Following month Uncollectible 40% 55% 5% Cash Payments for Materials Month of purchase Following month 40% 60% Production Requirements Raw material per unit (lb.) Raw material cost per lb. Direct labor hours per unit Direct labor rate per hour Variable MOHD per direct labor hour Fixed MOHD per month Depreciation in fixed MOHD 5 $7,00 0,5 $40,00 $10,00 $57.950 $20.000 Selling & Administrative (S&A) Costs Variable S&A cost per unit sold Fixed S&A cost per month Depreciation in fixed S&A cost $1,25 $63.000 $10.000 Other Cash Outflows Cash dividends paid each month Equipment purchases May Equipment purchases June $15.000 $47.820 $154.600 Desired Ending Inventory Finished goods Raw materials Cash 20% 40% $30.000 Beginning Account Balances as of March 31 Cash Accounts receivable $37.745 $132.000 Finished goods inventory Finished goods cost per unit Finished goods inventory (units) Raw materials inventory Raw materials (lb.) Accounts payable Land Buildings and equipment Accumulated depreciation Common stock Retained earnings $30.750 $75,00 410 $32.200 4.600 $55.000 $520.000 $1.800.000 ($750.000) $500.000 $1.247.695 Cost of Goods Sold (FIFO) Beginning finished goods inventory Add: Cost of goods manufactured Good available for sale Less: Ending finished goods inventory Cost of Good Sold Sell Budgeted sales in units Variable S&A per unit Total variable S&A Total fixed S&A Total S&A expense Less: Depreciation Cash Disbursements for S&A Beginning Cash Balance Add: Receipts Cash collections Total Cash Available Less disbursements Direct materials Direct labor Manufacturing overhead Selling and administrative Dividends Equipment purchases Total Disbursements Excess (deficiency) of cash available Financing Borrowing Repayments Interest Total Financing Ending Cash Balance Net sales Less: Cost of goods sold Gross margin Less: S&A expenses Net operating income Less: Interest expense Net income Computation of Net Sales Sales Less uncollectible amounts Net Sales Current assets Cash Accounts receivable Raw materials inventory Finished goods inventory Plant and equipment Land Buildings and equipment Accumulated depreciation Total Assets Liabilities Accounts payable Stockholder's equity Common stock Retained earnings Yellow-use only cell references Blue-may type numbers here Annin Flagmakers Sales Budget (US$) April May June Budgeted sales (units) Selling price per unit Total Sales Annin Flagmakers Schedule of Expected Cash Collections (US$) April May June Accounts receivable Beginning balance April sales May sales June sales Total Cash Collections Accounts Receivable as of June 30 Annin Flagmakers Production Budget April May June Budgeted sales Add: Desired ending inventory Total needs Less: Beginning inventory Required Production Annin Flagmakers Direct Materials Budget (US$) April May Required production in units Raw materials per unit (lbs.) Production needs (lbs.) Add: Desired ending inventory Total needs Less: Beginning inventory Raw materials to be purchased Cost of raw materials Total Cost of Raw Materials June Annin Flagmakers Schedule of Expected Cash Disbursements for Material (US$) April May June Accounts payable Beginning balance April purchases May purchases June purchases Total Cash Disbursements for Materials Accounts Payable as of June 30 Annin Flagmakers Direct Labor Budget (US$) April May June Units to be produced Direct labor hours per unit Total direct labor hours needed Direct labor cost per hour Total Direct Labor Cost Budgeted direct labor hours Variable MOHD rate Total variable MOHD Fixed MOHD expense Total MOHD expense Less: Depreciation Cash Disbursements for MOHD MOHD rate Absorption cost per unit Direct materials Direct labor Manufacturing overhead Unit Product