1.

Zan Corporation Direct Materials Budg For the year ended De Quarter 1st Raw Materials needed to meet the production schedule Raw Materials Needed per Unit Raw Material Needs per Unit Add: Desired Ending Inventory of raw materials Total Raw Material Needs Less: Beginning Inventory of Raw Materials Raw Materials to be purchased Cost of Raw Materials per gram Cost of Raw Materials toi be purchased 5000 8 40000 16000 56000 6000 50000 1.20 60,000

Schedule of Expected Cash Disbursements Quarter 1st Accounts Payable, beginning balance First quarter purchases Second Quarter Purchases Third quarter purchase Fourth quarter purchases Total Cash Disbursements for materials 2,880 36000

38,880

2.

Zan Corporation Direct Labor Budget For the year ended De Quarter 1st Required Production DirectLabor Hours needs per unit Total Direct Labor Hours needed Direct Labor cost per hour Total Direct Labor cost 5000 0.2 1000 11.50 11,500

3.

Zan Corporation Direct Materials Budget For the year ended December 31, XXXX Quarter 2nd 3rd 4th 8000 7000 8 8 64000 56000 14000 12000 78000 68000 16000 14000 62000 54000 1.20 1.20 $ 74,400 $ 64,800 $

Year 6000 8 48000 8000 56000 12000 44000 1.20 52,800 $ 26000 8 208000 8000 216000 6000 210000 1.20 252,000

xpected Cash Disbursements Quarter 3rd 24000 44640

2nd

4th

Year 2,880 60000 74400 64800 31680 233,760

29760 38880 68,640 $

68,640 $

25920 31680 57,600 $

Zan Corporation Direct Labor Budget For the year ended December 31, XXXX Quarter 2nd 3rd 4th 8000 7000 0.2 0.2 1600 1400 11.50 11.50 $ 18,400 $ 16,100 $

Year 6000 0.2 1200 11.50 13,800 $ 26000 0.2 5200 11.50 59,800

1. Schedule Cash Balance, Beginning Add: Total Collections Total Cash Available Less: Disbursement Merchandise Purchases Selling & Administrative Expenses Equipment Purchases Excess (Deficiency) of Cash available over disbursement Total Financing: Borrowing Repayments Interest Cash Balance,end

Schedule of Expected Cash Collections Cash Sales Collection from Credit Sales Collection Previous Accounts Receivable Total Collections Schedule of Expected Cash Disbursements Inventory to be purchased Payment to previous Accounts Payable Total Budgeted Disbursments for Merchandise Purchases

2.

Sales Less: Cost of Sales Inventory, Beginning Add: Purchases Total Goods Available for Sale Less: Inventory, Ending

Gross Margin Less: Operating Expenses Selling and Administration Expense Depreciation Expense Net Operating Income Other Expense: Interest Expense Net Income

3.

Assets Cash Accounts Receivable Inventory Building and equipment, net of depreciation Total Assets Liabilities and Shareholders' Equity Accounts Payable Notes Payable Capital Stock, no par Retained Earnings Total Liabilities and Shareholders' Equity

Minden Corporation Direct Materials Budget For the Month ended May 31, XXXX $ 9,000 184,000 193,000

111,000 72,000 6,500

189,500 3,500

20,000 (14,500) (100) $

5,400 8,900

Collections 60,000 70,000 54,000 $ 184,000

sbursements 48,000 63,000 $ 111,000

Minden Corporation Budgeted Income Statement-Absorption For the Month ended May 31, XXXX $ 30,000 120,000 150,000 40,000 200,000

110,000

90,000 72,000 2,000

74,000 16,000 100 15,900

Minden Corporation BudgetedBalance Sheet For the Month ended May 31, XXXX

8,900 70000 40,000 211,500 330,400

72000 20,000 180000 58,400 330,400

1.

a.

Earrings Unlimit Sales Budget For the Second Quarter ende April 65,000 10 650,000

Projected Sales Unit Selling Price Budgeted Sales

b. From Accounts Receivable as of: February March April May June Total April 26,000 280,000 130,000

436,000

c.

Earrings Unlimit Merchandise Purchas For the Second quarter Ende April 65,000 40,000 105,000 26,000 79,000 4 316,000

Projected Sales Add: Ending Inventory Total Merchandise Needed Less: Inventory, Beginning Merchandise to be Purchased Cost per pair of earrings Total Cost of Merchandise to be purchased

d.

Schedule of Expected Cash Disbur

April From Accounts Payable of: Beginning balance April purchases May purchases June purchases Total 100000 158000

258000

2. Cash, beginning Add: Total Cash collections Total Less: Disbursements Disbursement from purchases Commissions Advertising Rent Salaries Utilities Purchase of equipment Dividends paid Total disbursements Balance Loan borrowing Loan repayment Interest Cash, Ending balance

April $74,000 436,000 510,000 258,000 26,000 200,000 18,000 106,000 7,000 15,000 630,000 (120,000) 170,000

$50,000

3.

Earrings Unlimited Budgeted Income Statement Forquarter ended June 30, xxxx Sales Less: Variable Cost of Sales Cost of Goods sold Total Contribution Margin Less: Variable Expenses Commissions Contribution margin Fixed expenses Advertising

600,000

Rent Salaries Utilities Insurance Depreciation Net operating income Interest expense Net income

54,000 318,000 21,000 9,000 42,000

4.

Earrings Unlimited Budgeted Balance Sheet June 30, xxxx Assets Cash Accounts Receivable Inventory Prepaid insurance Property and equipment (net) Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Dividends Payable Capital Stock Retained Earnings Total Liabilities and stockholders' equity $84,000 15,000 800,000 719,700 $1,618,700 $94,700 500,000 48,000 12,000 964,000 $1,618,700

Earrings Unlimited Sales Budget For the Second Quarter ended June 30, xxxx May 100,000 10 1,000,000 June 50,000 10 500,000 2nd Quarter 215,000 10 2,150,000

Schedule of Expected Cash Collections from Sales May 40,000 455,000 200,000 695,000 June 2nd Quarter 26,000 320,000 650,000 900,000 100,000 1,996,000

65,000 700,000 100,000 865,000

Earrings Unlimited Merchandise Purchase Budget For the Second quarter Ended June 30, xxxx May 100,000 20,000 120,000 40,000 80,000 4 320,000 June 50,000 12,000 62,000 20,000 42,000 4 168,000 2nd Quarter 215,000 12,000 227,000 26,000 201,000 4 804,000

Schedule of Expected Cash Disbursement for Materials

May

June

Quarter 100000 316000 320000 84000 820000

158000 160000 318000

160000 84000 244000

May $50,000 695,000 745,000 318,000 40,000 200,000 18,000 106,000 7,000 16,000 705,000 40,000 10,000

June $50,000 865,000 915,000 244,000 20,000 200,000 18,000 106,000 7,000 40,000 635,000 280,000 (180,000) (5,300) $94,700

Quarter $174,000 1,996,000 2,170,000 820,000 86,000 600,000 54,000 318,000 21,000 56,000 15,000 1,970,000 200,000 180,000 (180,000) (5,300) $194,700

$50,000

Earrings Unlimited Budgeted Income Statement Forquarter ended June 30, xxxx $2,150,000 $860,000 $1,290,000 86,000 1,204,000

1,044,000 160,000 (5,300) $154,700

Earrings Unlimited Budgeted Balance Sheet June 30, xxxx