Part 3 Budgets

Division and has decided to develop its budget based upon projected sales of 25,000 lamps at $46 per lamp

The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of:

1. Production budget

2. Materials budget.

3. Direct labor budget.

4. Factory overhead budget.

5. Selling and administrative budget.

6. Cost of good sold budget.

7. Budget income statement.

8. Cash budget.

Notes for beginning, budgeting :

The company wants to maintain the same number of units in the beginning and ending inventory of work in process and electrical parts for increasing the inventory of lab kids 725 pieces and decreasing the finish goods by 20%

1. Production budget.

Planned cells = 25,000.

Desired ending inventory of finished goods = 2400

Total needed equals 27,400 less beginning inventory equals 3000 total production = 24,400