Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

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