Current assets: Cash.... Accounts receivable Raw materials inventory. Finished goods inventory... Plant and equipment: Land Buildings...

 

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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. Stockholders' equity: Royal Company Balance Sheet March 31 Common stock. Retained earnings Total liabilities and stockholders' equity. $ 40,000 30,000 5,200 20.000 400,000 1,610,000 (750.000) $ 200,000 1.143.200 REQUIRED Prepare the following elements of the Master Budget: 1. Sales budget (with a schedule of expected cash collections). $ 95,200 4. Direct labor budget. 5. Manufacturing overhead budget. 6. Ending finished goods inventory budget. 7. Selling and administrative expense budget. 8. Cash budget 1.260.000 $1.355.200 $ 12,000 1.343.200 $1.355.200 2. Production budget. 3. Direct materials budget (with a schedule of expected cash disbursements for materials). 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. Stockholders' equity: Royal Company Balance Sheet March 31 Common stock. Retained earnings Total liabilities and stockholders' equity. $ 40,000 30,000 5,200 20.000 400,000 1,610,000 (750.000) $ 200,000 1.143.200 REQUIRED Prepare the following elements of the Master Budget: 1. Sales budget (with a schedule of expected cash collections). $ 95,200 4. Direct labor budget. 5. Manufacturing overhead budget. 6. Ending finished goods inventory budget. 7. Selling and administrative expense budget. 8. Cash budget 1.260.000 $1.355.200 $ 12,000 1.343.200 $1.355.200 2. Production budget. 3. Direct materials budget (with a schedule of expected cash disbursements for materials).

Answer rating: 100% (QA)

Ill provide a sample for each budget element Keep in mind that you need to customize these values based on your companys specific financial data 1 Sal... View the full answer