Question
Chem-tech is a wholesaler for three chemical compound, rex z , sip-x, and tok- y. the following information on these products relates to year 20
Chem-tech is a wholesaler for three chemical compound, rex z , sip-x, and tok- y. the following information on these products relates to year 20 A.
product | Sales in pounds | Average sales per price | Gross profit per pond |
Z | 10000 | 30 | 9 |
X | 9000 | 23 | 7 |
y | 7500 | 18 | 5 |
Demand of Z has greatly increased and is expected to double in 20 B. X probably experience a 40 percent increase in demand, while demand for y is expected to remain constant. In line with the industry sale price for z, x and y will increase by 30 percent. Unit cost of goods sold is expected to increase by the following amounts: z 20 percent, x 25 percent and y 15 percent.
Required:
Prepare a schedule presenting budgeted sale revenue and gross profit by product for 20B and also show the necessary working.
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