Question
Cheyenne Industries is preparing its master budget for 2022. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected
Cheyenne Industries is preparing its master budget for 2022. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected to total 8,050,000 units. Quarterly sales are 20%, 35%, 10%, and 35%, respectively. The sales price is expected to be $2.80 per unit for the first quarter and then be increased to $3.00 per unit in the second quarter. Prepare a sales budget for 2022 for Cheyenne Industries. (Round unit selling price to 2 decimal places, e.g. 52.75.)
CHEYENNE INDUSTRIES Sales Budget choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022 | |||||
---|---|---|---|---|---|
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year | |
select an opening sales budget item Unit selling priceTotal salesExpected unit sales | enter a number of units | enter a number of units | enter a number of units | enter a number of units | enter a number of units |
select a sales budget item Expected unit salesTotal salesUnit selling price | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places |
|
select a closing sales budget item Unit selling priceTotal salesExpected unit sales | $enter a total amount for the sales budget | $enter a total amount for the sales budget | $enter a total amount for the sales budget | $enter a total amount for the sales budget | $enter a total amount for the sales budget |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started