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1. Gleaming Glass Pty Ltd sells fancy mirrors. The following accounting data is available for Gleaming Glass Pty Ltd for March 2018: $10,000 Actual profit
1. Gleaming Glass Pty Ltd sells fancy mirrors. The following accounting data is available for Gleaming Glass Pty Ltd for March 2018: $10,000 Actual profit before tax Budgeted contribution margin per mirror 70 Budgeted number of mirrors sold units 527 Budgeted total fixed costs $-25,296 On the basis of the information provided, calculate the budgeted profit before tax (rounded to the nearest dollar) for Gleaming Glass Pty Ltd for March 2018. 2. Sunshine Pty Ltd sells beach towels. The accountant for Sunshine Pty Ltd is currently preparing a purchases budget for the month of July 2017. The following information is relevant: Budgeted unit sales for July 2017 Expected opening inventory 1 July 2017 units 623 Expected closing inventory 31 July 2017 units 766 Purchase unit price June and July 2017 -7 units-2,488 On the basis of the information provided, calculate Sunshine Pty Ltd's total budgeted cost of purchases (rounded to the nearest whole dollar) for July 2017
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