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Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and...

  1. Sales Budget

    FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:

    Practice Balls Match Balls
    Units Selling Price Units Selling Price
    January 50,000 $8.75 7,000 $16.00
    February 58,000 $8.75 7,500 $16.00
    March 80,000 $8.75 13,000 $16.00
    April 100,000 $8.75 18,000 $16.00

    Required:

    1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.

    FlashKick Company
    Sales Budget
    For the First Quarter of Next Year
    January February March Quarter
    Practice ball:
    Units
    Unit price $ $ $ $
    Sales $ $ $ $
    Match ball:
    Units
    Unit price $ $ $ $
    Sales $ $ $ $
    Total sales $ $ $ $

    Feedback

    The Sales Budget is the projection approved by the budget committee that describes expected sales for each product in units and dollars. The sales budget must be constructed first, before other budgets can be constructed.

    2. What if FlashKick added a third line—tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.

    FlashKick Company
    Sales Budget
    For the First Quarter
    January February March Quarter
    Practice ball:
    Units
    Unit price $ $ $ $
    Sales $ $ $ $
    Match ball:
    Units
    Unit price $ $ $ $
    Sales $ $ $ $
    Tournament ball:
    Units
    Unit price $ $ $ $
    Sales $ $ $ $
    Total sales $ $ $ $

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