Question

In: Accounting

Below is budgeted production and sales information for Octofic Cans, Inc. for the month of March:...

Below is budgeted production and sales information for Octofic Cans, Inc. for the month of March:

  Aluminum     Tin
Estimated beginning inventory 12,000 units 6,000 units
Desired ending inventory 15,000 units 4,000 units
Region I, anticipated sales 380,000 units 85,000 units
Region II, anticipated sales 125,000 units 25,000 units


The unit selling price for aluminum cans is $0.15 and for tin cans is $0.20. Budgeted sales for the month are:

a. $97,550.

b. $82,750.

c. $81,550.

d. $123,000.

Solutions

Expert Solution

  • Working:

Working

Aluminum

Tin

Budgeted Sales units:

A

Region 1

                                380,000

                                                85,000

B

Region 2

                                125,000

                                                25,000

C = A+B

Total Sales

                                505,000

                                              110,000

D

Selling price per unit

$                                   0.15

$                                                  0.20

E=C x D

Budgeted Sales

$                         75,750.00

$                                       22,000.00

  • Final Answer

Budgeted Sales:[calculated above]

Aluminium

$                         75,750.00

Tin

$                         22,000.00

Total Budgeted Sales for month

$                         97,750.00 [ANSWER]

*There are no option matching with above figure calculated.

Correct Answer

Option 'a': $ 97,550


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