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17 Cards in this Set
- Front
- Back
- 3rd side (hint)
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pro forma Income Statement
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Company Name
Pro Forma Income Statement For the Year Ending Gross Sales COGS --- --- Total Cost of Goods Sold Gross Profit Operating Expenses Labor Costs Depreciation Advertising Utilities Total Operating Expenses Operating Income Interest Expense Income Before Taxes Income Tax Net Income |
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Contribution Margin
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Selling Price - Variable Costs
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Weighted Contribution Margin
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(Selling Price - Variable Cost) * Sales Mix
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Safety Margin Percentage
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(Budgeted Sales - Breakeven Sales) / Breakeven Sales
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Target Operating Income (in units)
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(Fixed Costs + TOI) / (Selling Price - Variable Costs)
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Target Net Income (in units)
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Units Sold = (Fixed Costs + TNI + Income Taxes) / (Selling Price per unit - Variable Costs per unit)
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Set-up for Statement of Cash Flows
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Cash Flow from Operating Activities
--- Net Cash Provided (used) by Cash Flow from Investing Activities --- Net Cash Provided (used) by Cash Flow from Financing Activities --- Net Cash Provided (used) by Increase in Cash and Cash equivalents Cash and cash equivalents, beginning Cash and cash equivalents, ending |
Ending cash will proove balance sheet
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Break-even Point in units
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Units Sold = Fixed Costs / (Unit Sales Price - Variable Costs)
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Units Sold = FC / (SP - VC)
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Break-Even Point in Composite Units
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Composite Units Sold = Fixed Costs / Weighted C.M.
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Weighted C.M. = C.M x Sales Mix
C.M. = Selling Price - Variable Costs |
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Desired Ending Inventory =
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Required to meet Sales Budget * Desired Ending Inventory Percentage
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both will be given figures
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Required Purchase =
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(Required to meet Sales Budget + Desired Ending Inventory) - Beginning Inventory
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Cost of Purchases =
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(Required Purchase * Wholesale Price per Unit)
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Labor Budget Format
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Company Name
Labor Budget For the Year Ending Divide into 4 Quarters and TOTAL Position Salary Fringe Benefits Total Pay Position Salary Fringe Benefits Total Pay Total Pay Overall |
Remember to take into account what quarter the position starts.
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Total Pay =
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Salary + Fringe Benefits
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Sales Budget Format
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Company Name
Sales Budget For the Year Ending Divide into 4 Quarters and TOTAL Units Sold x Price $y Sales $x*y Units Sold a Price $b Sales $a*b Total Sales $sum of sales |
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Direct Materials Budget
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Company Name
Direct Materials Budget For the Year Ending Divide into 4 Quarters and TOTAL Material Required to Meet Sales Budget Desired Ending Inventory Beginning Inventory Required Purchase Wholesale Price per Unit Cost of Purchases |
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Selling and Administrative Budget
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Company Name
Selling, General and Administrative Budget For the Year Ending Divide into 4 Quarters and TOTAL Advertising Depreciation Utilities Total sum |
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