In: Accounting
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 _______$ ____________________________$ ______________________$ ___________________$
I don't get the statement of the question about the tournament balls of 40% clearly i.e are these sales seprate or must be reduced from the match balls. So both the answers are hereby enclosed.