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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 2 years ago
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