Question
In: Accounting
The sales budget often uses the prior year’s sales as a starting point, and then sales...
The sales budget often uses the prior year’s sales as a starting point, and then sales quantities are revised for various factors such as planned advertising and promotion, projected pricing changes, and expected industry and general economic conditions. LearnCo has completed reviewing its prior year’s sales and has prepared the following sales budget.
After reviewing LearnCo’s sales budget, you note that three numbers have been omitted. The company’s controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts.
| LearnCo Sales Budget For the Year Ending December 31, 20Y2 |
|||
Product |
Unit Sales Volume |
Unit Selling Price |
Total Sales |
| Basic Abacus | $7 | $252,000 | |
| Deluxe Abacus | 468,000 | ||
| Totals | 72,000 | $720,000 | |
Solutions
Expert Solution
|
LearnCo |
|||
|
Sales Budget |
|||
|
For the Year Ending December 31, 20Y2 |
|||
|
Product |
Unit Sales |
Unit Selling |
Total |
|
Volume |
Price |
Sales |
|
|
Basic Abacus |
36,000 |
$7 |
$252,000 |
|
Deluxe Abacus |
36,000 |
$13 |
$468,000 |
|
Totals |
72,000 |
$720,000 |
|
--Working
|
LearnCo |
|||
|
Sales Budget |
|||
|
For the Year Ending December 31, 20Y2 |
|||
|
Product |
Unit Sales |
Unit Selling |
Total |
|
Volume |
Price |
Sales |
|
|
Basic Abacus |
=252000/7 |
7 |
252000 |
|
Deluxe Abacus |
=72000-36000 |
=468000/36000 |
468000 |
|
Totals |
72000 |
=252000+468000 |
|
ekkarill92 answered 1 year agoRelated Solutions
The sales budget often uses the prior year’s sales as a starting point, and then sales...
The sales budget often uses the prior year’s sales as a starting
point, and then sales quantities are revised for various factors
such as planned advertising and promotion, projected pricing
changes, and expected industry and general economic conditions.
LearnCo has completed reviewing its prior year’s sales and has
prepared the sales budget below.
After reviewing LearnCo’s sales budget, you note that three
numbers have been omitted. The company’s controller has told you
that the units sold for the Basic and...
The sales budget often uses the prior year’s sales as a starting point, and then sales...
The sales budget often uses the prior year’s sales as a starting
point, and then sales quantities are revised for various factors
such as planned advertising and promotion, projected pricing
changes, and expected industry and general economic conditions.
LearnCo has completed reviewing its prior year’s sales and has
prepared the following sales budget.
After reviewing LearnCo’s sales budget, you note that three
numbers have been omitted. The company’s controller has told you
that the units sold for the Basic and...
What is a master budget and how the sales forecast use as the starting point in...
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Please type out and use a different answer than what's already
on the Chegg database please and thank you
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