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Crown Inc. Manufactures & sells two different products: JB25 & JB30. The retail Price of JB25 is $40 The retail Price of JB30 is $50
Crown Inc. Manufactures & sells two different products: JB25 & JB30. The retail Price of JB25 is $40 The retail Price of JB30 is $50 Sales are based on a discount off the retail price. Crown has 3 types of Customers and gives each customer discounts & other allowances & costs related to each type of customers Discount % coop % of Retail of Net Sales Retail Customer 40% 4% Estimated Returns as a % of net sales before allowances 10% Wholesale Customers 50% 2% 5% Gift - Retailers 45% 5% 2% Crown is preparing its revised 4th Q budget (Flexible Budget) and has estimated the following UNIT sales levels for each type of customer by month: Retail Customer For the month October November December Estimate sales JB25 10,000 15,000 5,000 Estimate sales JB30 12,000 17,000 5,000 Wholesale Customers October November December 20,000 10,000 5,000 25,000 15,000 2,000 Gift - Retailers October November December 6,000 6,000 3,000 5,000 5,000 2,000 Question 1: Prepare in Good Form the Sales Budget. This should inclused Gross Sales, Returns, Net Sales, Coop Allowance & Net Sales after coop by customer type, by month. Include All Totals. Crown Inc Sales Budget For the Fourth Quarter 2020 October November December Total
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