Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company's share in the market The Sonia Company has two product lines, high-speed printers and the folkowing sales forecast for the coming year, 2021.

Company's share in the market The Sonia Company has two product lines, high-speed printers and the folkowing sales forecast for the coming year, 2021. eletronie typewriters. The company's market rusearch department prepared Electronk Typewriters 170,000 High-spood Printers Induntry's tolal sales forecast 40,000 25% P3,000 Sales price per unit P5,000 The sales force subemitted the following estimates Electronic Typewriters High-speed Printers 2,400 Visayas Mindanao Total 3,600 8,400 3.000 15,000 6,000 3.600 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

Step by Step Solution

3.39 Rating (143 Votes )

There are 3 Steps involved in it

Step: 1

Sales budget is prepared as a part of master cash budgetlt forecast the ... 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_2

Step: 3

blur-text-image_3

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

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

6th Edition

78025532, 978-0077523732, 77523733, 978-0078025532

More Books

Students also viewed these Accounting questions

Question

What do you think the natural cause of your problem is?

Answered: 1 week ago