ACC 207 MDE Manufacturing Budget: Bird Feeder I. Sales and Manufacturing Expenses: Budget and Actual (2014)
ACC 207 MDE Manufacturing Budget: Bird Feeder
I. Sales and Manufacturing Expenses: Budget and Actual (2014)
You will use this table to complete Milestones One and Two.
| Budget ($) | Actual ($) | |
| Sales | 1,050,000 | 991,700 |
| Expenses | ||
| Materials – Cedar | 225,000 | 248,160 |
| Materials – Plastic | 37,500 | 37,741 |
| Factory Worker Labor | 300,000 | 332,760 |
| Materials – Indirect | 3,000 | 2,585 |
| Factory Depreciation | 78,000 | 78,000 |
| Factory Utilities | 12,000 | 12,000 |
| Factory Maintenance and Repairs | 5,000 | 4,500 |
| Shipping ($2.25/each) | 112,500 | 105,750 |
| Sales Commissions ($2.00/unit sold) | 100,000 | 94,000 |
| Office Rent | 12,000 | 12,000 |
| Advertising | 20,000 | 20,000 |
| Liability insurance | 5,000 | 5,000 |
| Office Depreciation | 1,000 | 1,000 |
| Office Salaries | 48,000 | 48,000 |
| Total Expenses | 959,000 | 1,001,496 |
II. Contribution Margin: Static Budget and Actual Results (2014)
You will use this table to complete Milestone Two.
| Actual Results | Static Budget Amount | |
| Units Sold | 47,000 | 50,000 |
| Revenues ($) | 991,700 | 1,050,000 |
| Manufacturing Costs ($) | ||
| Variable | 621,246 | 565,500 |
| Fixed | 94,500 | 95,000 |
| Gross Margin | 275,954 | 389,500 |
III. Standard Variable Manufacturing Costs (2014)
You will use this table to complete Milestone Two.
| Static Budget Costs | Standard Input | |
| Direct Materials: Cedar | 225,000 | 3.0 ft/unit |
| Direct Materials: Plastic | 37,500 | 1.0 ft/unit |
| Direct Manufacturing Labor | 300,000 | 0.5 hrs/unit |
| Variable Manufacturing Overhead | 3,000 | 0.3 ft/unit |
IV. Actual Variable Manufacturing Costs (2014)
You will use this table to complete Milestone Two.
| Actual Costs | Actual Input | |
| Direct Materials: Cedar | 248,160 | 3.2 ft/unit |
| Direct Materials: Plastic | 37,741 | 1.1 ft/unit |
| Direct Manufacturing: Labor ($) | 332,760 | .60 hr/unit |
| Variable Manufacturing Overhead | 2,585 | 0.25 ft/unit |
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