sales plan 2020 may..........$60000 june.........$80000 july.............$100000 august......$120000a.selling aprice unit$10 b,cost of goods per a units is$.6variable operating
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Question:
sales plan 2020
may..........$60000
june.........$80000
july.............$100000
august......$120000a.selling aprice unit$10 b,cost of goods per a units is$.6variable operating expenseare 20%of sales c,inventory maintained at 150%of the next months sales in units
d,fixed operating expenses are $180000 per year allocated for each month proportionally.
required
a,prepare purchase budget in $for july 2020?
b,prepare bedgeted income statement for july 2020
Expert Answer:
To prepare the purchase budget for July 2020 a Purchase Budget for July 2020 First lets calculate the number of units to be sold in July July sales 10... View the full answer
Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Posted Date:
