Question
In: Accounting
Leaf Industries is preparing its master budget for 2013. Relevant data pertaining to its sales budget...
Leaf Industries is preparing its master budget for 2013. Relevant data pertaining to its sales budget are as follows:
Sales for the year are expected to total 8,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be increased to $2.20 per unit in the second quarter.
|
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
Total for Yr |
|
|
Unit Sales |
8,000,000 |
||||
|
Unit Selling Price |
|||||
|
Total Sales |
Solutions
Expert Solution
|
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
Total for Yr |
|
|
Unit Sales |
2,000,000 | 2,400,000 | 1,200,000 | 2,400,000 |
8,000,000 |
|
Unit Selling Price |
$2.00 | $2.20 | $2.20 | $2.20 | $2.15 |
|
Total Sales |
$4,000,000 | $5,280,000 | $2,640,000 | $5,280,000 |
$17,200,000 |
1st Quarter Unit Sales = 0.25 *8,000,000= 2,000,000 units
2nd Quarter Unit Sales = 0.30 *8,000,000= 2,400,000 units
3rd Quarter Unit Sales = 0.15 *8,000,000= 1,200,000 units
4th Quarter Unit Sales = 0.30 *8,000,000= 2,400,000 units
Total Sales for each quarter can be calculated by multiplying Price in each Quarter with Unit Sales
Total Sales for Year=Sum of Total Sales for each Quarter = $17,200,000
Unit Selling Price for Year= $17,200,000/8,000,000 = $2.15
ekkarill92 answered 2 years agoRelated Solutions
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Do It! Review 21-2
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