Homework Answers
Ans :
1 .budget purchases for the month of August = Sales for august + ending inventory of august - beginning inventory of august
= 6,000 units + 40%(september month sales) - 40% of august month sales
= 6,000 units + 40 % * 7,500 - 40 %(6000)
= 6000 + 3000 - 2400
= 6600 units
Option B
2. Budgeted revenue for forth quarter = Sales revenue for October , november and december
= [ 4000 units (october) + 4000 * (120%) (november) + 4000 * 120%*120% (december) ] Sales price per unit
= [ 4000 + 4800 + 5760 ] * $ 8
= 14,560 units * $ 8
= $ 116,480
Option A
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