100% Original, Plagiarism Free, Tailored to your instructions

Order Now!


Assignment Requirements
Winter, 2015
This group project requires the use of EXCEL spreadsheets to prepare various budgets for a manufacturing company. For this purpose the class is asked to form groups of 4 students and allocate the task among them equitably. It is important that all participants contribute to the effort and share the overall task.
All the facts and figures about the company’s operations are supplied below:
Sprinkler Corporation produces plastic garden sprinklers. The company is preparing its budget for 2015. The first step is to plan for the first quarter of that coming year. Sprinkler has collected the following information from the managers.


Sales for November 2014                              112,500 units
Sales for December 2014                              102,100 units
Expected sales for January 2015                  113,000 units
Expected sales for February 2015                112,500 units
Expected sales for March 2015                     116,000 units
Expected sales for April 2015                                   125,000 units
Expected sales for May 2015                                    137,500 units
Selling price per unit                                     $12
Sprinkler likes to keep 10% of next month’s unit sales in ending inventory. All sales are on credit. 85% of the accounts receivable are collected in the month of sale and 15% of the accounts receivable are collected in the month after sale. Accounts receivable on December 31, 2014, totaled $183,780.

Direct Materials:

2 pounds of direct materials is needed to produce one unit. Sprinkler likes to keep 5% of the materials needed for the next month’s production in its ending inventory. Raw materials on hand on December 31, 2014, totaled 11,295 pounds.
Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid after the month of purchase. Accounts payable on December 31, 2014, totaled $120,595.

Direct Labor

Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour.

Manufacturing Overhead

Indirect materials                              $0.30 per labor hour
Indirect labor                                      $0.50 per labor hour
Utilities                                               $0.45 per labor hour
Maintenance                                       $0.25 per labor hour
Factory supervisor’s salary                $42,000 per month
Factory Depreciation                                     $16,800 per month
Property taxes                                   $ 2,675 per month
Insurance                                            $ 1,200 per month
Repairs                                                $ 1,300 per month

Selling and Administrative expenses

Salaries                                               $72,000 per month
Advertising                                         $15,000 per month
Insurance                                            $ 1,400 per month
Office Depreciation                            $ 2,500 per month
Other fixed costs                               $ 3,000 per month
Other Information
The cash balance on December 31, 2014, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2015.
Dividends are paid each month @ $2.50 per share for 5,000 shares. The company has an open line of credit with national Bank. The terms of the agreement require borrowing to be in the increments of $1,000, and the interest rate is 8%. Sprinkler borrows on the first day of the month and repays on the last day of the month if possible.
A $500,000 equipment purchase is planned for February 2015.
Do the following for the first quarter (January, February & March) of 2015 by using EXCEL spreadsheet:
(a)                        Prepare a Sales Budget
(b)                        Prepare a Production Budget
(c)                         Prepare a Direct Materials Purchase Budget
(d)                        Prepare Direct Labor Budget
(e)                        Prepare manufacturing Overhead Budget
(f)                          Prepare Selling and Administration Budget
(g)                        Prepare Schedule of expected cash collections from customers
(h)                        Prepare a schedule for expected cash payments for materials purchases
(i)                          Prepare a Cash Budget.
Order Now

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!