Refer to E6.2. Assume that each unit of Dynamo costs OConnell $4 while each unit of Craylon
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Refer to E6.2. Assume that each unit of Dynamo costs O’Connell $4 while each unit of Craylon cost $2. Further assume that O’Connell wants and ending inventory equal to 5 percent of next month’s expected sales. Prepare the purchases budget for the first quarter.
Data from E6.2
O’Connell sells two products: Dynamo and Craylon. It estimates that two Craylons are sold each period for every Dynamo sold. A Dynamo sells for $7.50 and a Craylon sells for $5. O’Connell estimates that sales of Dynamo per quarter for the year will be 30,000; 45,000; 35,000; and 48,000, respectively. What is the estimated sales revenue per quarter for O’Connell for the year?
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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