Problems forDiscussion – Topic 5

Finance & Management AccountingNewXperience Group – MBA11, La Trobe HANU

Budgeting

205/03/23

Group Members:Group Members: DO VU KHIEM 15961461 NGUYEN THI BICH NGOC 15961656 HUYNH THI HONG NGOC 15961633 NGUYEN LE THANH 15961745 LE THI NGOC TU 15961840 NGUYEN VAN THANH 15961751 NGUYEN DANG VIET 15961923

FMA - NewXperience

Budgeting

305/03/23

Presentation in briefPresentation in briefPD3 – Cash Collection SchedulePD4 – Jenny Cash BudgetPD6 – CJH Ltd Annual BudgetPD8 – Kanga Meat Pie Purchase &

Production Budget PD11 – BBQ Essentials’ Various

Budgets FMA - NewXperience

Budgeting

405/03/23 FMA - NewXperience

Budgeting

505/03/23

Problem for Discussion 4: Monthly cash budgeting for Jenny Smith (March-June):Given dataNo Item $

Cash balance at 1 March 2,637Paid guild fees, 7 March 250Rent paid on the 1st of the month in advance 750Monthly food bill 600Electricity quarterly account paid, 15 May 89Average spent monthly on entertainment 130Part-time monthly earnings, paid on 15th of each month 850Paid deposit on 15 June for travel during vacation 500Purchased ticket on 10 May to Foo Fighters concert 125

FMA - NewXperience

Budgeting

605/03/23

Comment on Cash position of Jenny Smith* Jenny's monthly substantial expenses which comprise of Food, Entertainment and Rent:Food 600Entertainment 130Rent 750Total 1,480* Jenny makes only $850 monthly* Jenny shall have very unhealthy cash position by the end of June* In fact, she shall have negative cash balance of $847 at the end of Junewhich leaves her in danger financially since her monthly earnings of $850 in July can barely cover her liabilities left over from previous months, andonly $3 left for her monthly spending of $1,480!

FMA - NewXperience

Budgeting

705/03/23

Jenny's budget

-1,500

-1,000-500

0

5001,000

1,500

2,0002,500

3,000

March Apirl May June

Beginning CashMonthly earningMonthly expenseEnding cash

FMA - NewXperience

Budgeting

805/03/23 FMA - NewXperience

Problem for Discussion 6: CJH Ltd Annual Budgeta. Production budget in units

Product Sales (units) +

Closing inventory

(units)-

Opening inventory

(units)= Production

(units)

X 18 10 8 20Y 50 15 15 50Z 30 6 6 30

Budgeting

905/03/23 FMA - NewXperience

b. Total budgeted costs of materials used in Product X, Y and Z

Materials Product X

Material used per unit

of product (units)

x# of

product (units)

=

Total production materials

required for product (units)

xCost of

material unit ($)

= Total($)

A 3 20 60 3 180B 2 20 40 2 80C 0 20 0 4 0

Sub-total 260

Budgeting

1005/03/23 FMA - NewXperience

Product Y

Material used per unit

of product (units)

x# of

product (units)

=

Total production materials

required for product (units)

xCost of

material unit ($)

= Total($)

A 0 50 0 3 0B 1 50 50 2 100C 2 50 100 4 400

Sub-total 500

Materials

Budgeting

1105/03/23 FMA - NewXperience

Product Z

Material used per unit

of product (units)

x# of

product (units)

=

Total production materials

required for product (units)

xCost of

material unit ($)

= Total($)

A 5 30 150 3 450B 3 30 90 2 180C 1 30 30 4 120

Sub-total 750

Materials

Budgeting

1205/03/23 FMA - NewXperience

c. Total cost of materials A, B and C purchasedTotal production materials required for

Product X Product Y Product Z TotalA 60 0 150 210B 40 50 90 180C 0 100 30 130

Materials Production (units) +

Closing inventory

(units)-

Opening inventory

(units)= Purchase

(units)

Cost per unit ($)

Total ($)

A 210 25 21 214 3 642B 180 23 17 186 2 372C 130 15 10 135 4 540

1,554

Materials

Budgeting

1305/03/23 FMA - NewXperience

Budgeting

1405/03/23 FMA - NewXperience

Budgeting

1505/03/23

smt

FMA - NewXperience

Budgeting

1605/03/23

ConclusionConclusion

Q&AQ&A

Thank youThank you

FMA - NewXperience