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

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 ______$8.25____________ 7,000 _________$16.00

February___ 58,000______ $8.25____________ 7,500_________ $16.00

March _____80,000______ $8.25 ___________13,000 _________$16.00

April______ 100,000_____ $8.25___________ 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_______ $_____________ $_______________ $____________ $

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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