Sales Budget
Peyton Approved
Sales Budgets
July, August, and September
2015
Budgeted Units
Budgeted Unit Price
Budgeted Total Dollars
Jul-15
Aug-15
Sep-15
Total for the first quarter
Production Budget
Peyton Approved
Production Budget
July, August, and September
2015
July
August
Sept.
Total
Next month's budgeted
sales
Percentage of inventory
to future sales
Budgeted ending
inventory
Add budgeted sales
Required units to be
produced
Deduct beginning
inventory (Previous month ending inventory)
Units to be
produced
Manufacturing Budget - contains raw materials
budget, direct labor budget, and factory overhead budget
Peyton Approved
Raw Materials Budget
July, August, and September
2015
July
August
Sept.
Total
Production budget
(units)
Materials requirement per
unit
Materials needed for
production
Add budgeted ending
inventory
Total materials requirements
(units)
Deduct beginning
inventory (previous month ending inventory)
Materials to be
purchased
Material price per
unit
Total cost of direct material
purchases
Peyton Approved
Direct Labor Budget
July, August, and September
2015
July
August
Sept.
Total
Budgeted production
(units)
Labor requirements per unit
(hours)
Total labor hours
needed
Labor rate (per
hour)
Labor dollars
Peyton Approved
Factory Overhead Budget
July, August, and September
2015
July
August
Sept.
Total
Budgeted production
(units)
Variable factory overhead
rate
Budgeted variable
overhead
Fixed overhead
Budgeted total
overhead
Selling Expense Budget
Peyton Approved
Selling Expense Budget
July, August, and September
2015
July
August
Sept.
Total
Budgeted sales
Sales commission percent
Sales commissions expense
Sales salaries
Total selling expenses
General and Administrative Expense Budget
Peyton Approved
General and Administrative
Expense Budget
July, August, and September
2015
July
August
Sept.
Total
Salaries
Interest on long-term note
Total expenses