Make a sample master budget for Skincare line business

1. Production budget

A basic format of production budget is as follows:

Sales forecast (in units)

+ Desired ending inventory of finished goods

Total budgeted production needs

Beginning inventory of finished goods

Required production

2. Material Purchases Budget

The basic format of a material purchases budget is as follows:

Raw materials needed to meet the required production budget

+ Desired ending inventory of raw materials

Total raw materials needed

Beginning inventory of raw materials

= Raw materials to be purchased

3. Summary Cash Budget

A basic summary cash budget is prepared in the following format:

Beginning cash balance

+ Cash receipts

Total cash available

Cash disbursements

=Cash balance before borrowing/repayment

+/ Borrowing from/repayment of line of credit

Interest on the credit

= Ending cash balance

4. Budgeted Income Statement (Traditional)

A basic Budgeted Income Statement is prepared in the following format:

Budgeted Income Statement (Traditional)
Sales	P xxx
Less: Cost of goods sold	xxx
Gross Margin	xxx
Less: Selling and administrative expenses	xxx
Net operating income	xxx
Less: Interest expense	xxx
Income (before taxes)	xxx
Less: Income taxes	xxx
Net income	P xxx

5. Budgeted Balance Sheet

A basic Budgeted Balance Sheet is prepared in the following format:

Assets
Current assets:
Cash	P xxx
Accounts receivables	Xxx
Inventory: Direct materials	Xxx
Inventory: Finished goods	Xxx
Inventory: WIP	Xxx
Total current assets	Xxx
Fixed assets (net of depreciation)	Xxx
Total assets	Xxx
Liabilities and Equity
Current liabilities:
Accounts payable	Xxx
Line of credit	Xxx
Income tax	Xxx
Total current liabilities	Xxx
Long term liabilities	Xxx
Total liabilities	Xxx
Stockholders' Equity:
Common stock	Xxx
Retained earnings	Xxx
Total stockholders' equity	Xxx
Total liabilities and stockholders' equity	Xxx