Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please help me with the following.... Prepare a sales budget for the quarter ending 3 0 June 2 0 2 1 , showing

Can you please help me with the following....
Prepare a sales budget for the quarter ending 30 June 2021, showing each month separately. The budget will be expressed in both units and in dollars.
Using data available from the local Business Association it is anticipated that the total market during the period of the budget, will be as follows:
Boxes 1,250,000 units
Handle 1,500,000 units
The business is expected to have a market share of 12% of the boxes and 15% of the handles from the total market.
The sales volumes are expected to be the same for both boxes and handles and are as follows:
April 40%
May 30%
June 30%
Total 100%
Unit selling prices on 31 March 2021 are:
Boxes $ 25.00
Handles $ 10.00
A price increase will apply from 1 May 2021, with the box price increasing by 4% and the handle price increasing by 5%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions