1. Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales...
1. Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: March 15,000 units April 18,000 units May 28,000 units June 26,000 units July 19,000 units August 12,000 unit.
The company expects this year's sales to increase by 25%. The selling price is $13 per unit. Prepare a Sales Budget for Royal Company.
Homework Answers
Sales Budget
| Particulars | March | April | May | June | July | August | Quarter |
| Budgeted Sales in Units | $ 15,000 | $18,000 | $28,000 | $26,000 | $19,000 | $12,000 | $118,000 |
| Selling Price | $13 | $13 | $13 | $13 | $13 | $13 | $13 |
| Total Sales | $195,000 | $234,000 | $364,000 | $338,000 | $247,000 | $156,000 | $1,534,000 |
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1. Royal Company is preparing budgets for the second quarter
ending June 30. Last year's sales...
Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales for...
Royal Company is preparing budgets for the second quarter ending
June 30. Last year's sales for the corresponding period were:
A. The company expects this year's sales to increase by 25%. The
selling price is $13 per unit. Prepare a Sales
Budget.
B. The company desires to have finished inventory on hand at the
end of each month equal to 30 percent of the following month's
budgeted unit sales. On March 31, there were 3,000 units on hand.
Prepare a...
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Royal Company is preparing budgets for the second quarter ending
June 30. Last year's sales for the corresponding period were:
A. The company expects this year's sales to increase by 25%. The
selling price is $13 per unit. Prepare a Sales
Budget.
B. The company desires to have finished inventory on hand at the
end of each month equal to 30 percent of the following month's
budgeted unit sales. On March 31, there were 3,000 units on hand.
Prepare a...
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