Chapter 3 Operating budgets Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya.
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Chapter 3 Operating budgets Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 1 Operating budgets Purchases budget Cost of goods sold budget Operating expense budgets 1. Marketing expense budget 2. Administration expense budget 3. Financial expense budget Specialised service industry budgets 1. Professional and support labour budget 2. Materials usage budget Budgeted statement of financial performance Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 2 Purchases budget in dollars for 3 months ending 30 June April $ May $ June $ Quarter $ Cost of sales add ending stock Total requirements less beginning stock purchases Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 3 Purchases budget in units for quarter ending 31 March Jan Feb March Quarter Sales [units] Ending stock [units] Total req. [units] less beginning stock [units] Purchases [units] Cost per unit $ Cost of purchases $ Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 4 Cost of goods sold budget for 3 months ending 30 June April $ May $ June $ Quarter $ Beginning stock Purchases Goods available for sale Ending stock Cost of sales Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 5 Marketing expense budget for 3 months ending 30 June April $ May $ Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld June $ Quarter $ 6 Administration expense budget for 3 months ending 30 June April $ May $ Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld June $ Quarter $ 7 Financial expense budget for 3 months ending 30 June April $ May $ Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld June $ Quarter $ 8 Budgeted statement of financial performance for 3 months ending 30 June April $ May $ June $ Quarter $ Sales less COGS Gross Profit Operating exp. Marketing Administration Financial Total Expenses Net Profit Copyright 2003 McGraw-Hill Australia Pty Ltd PPTs t/a Budgeting, second edition, by Banks & Giliberti Slides prepared by Mya Aronfeld 9