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Manufacturing Budget Case Study
Post Me assembles timber mailboxes which he sells to homeowners and builders for $48.00 each. Each mailbox requires the following:
Assorted timber lengths
$8.00
1 metal number
$2.50
Direct labour (20 mins at $30 per hour)
$10.00
Manufacturing overheads (80% of direct labour cost)
Total
$28.50
Kevin expects the following sales in units:
June
July
August
September
October
210
220
240
270
300
Post Me requires inventory at the end of each month equal to 30% of the next month's expected sales. Make your budget on the basis that this assumption will be met.
Required:
Prepare the following budgets for the quarter ended 30 September:
1. Sales
2. Production
3. Raw Materials Usage
4. Direct Labour
5. Manufacturing Overhead
6. Cost of Production
7. Cost of Goods Sold
8. Trading Statement
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