Question

In: Accounting

Which of the following items is not needed to prepare a salesbudget by product line?...

Which of the following items is not needed to prepare a sales budget by product line?

Multiple Choice

Expected purchase price of each product.

Expected unit sales of each product.

Expected selling price of each product.

All of the answers are correct.

Solutions

Expert Solution

While preparing sales budget, Expected unit sales of each product and Expected selling price of each product is needed.

Budgeted sales = Expected unit sales of product x Expected selling price of product

Expected purchase price of each product has no concern with the sales budget.

Hence, Expected purchase price of each product is not needed to prepare a sales budget by product line.

Correct option is (a)

ekkarill92 answered 2 years ago
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