Question
Emma Co manufactures electric motors. The company expects to sell 460 units in June and 610 units in July. Beginning and ending finished goods for
Emma Co manufactures electric motors. The company expects to sell 460 units in June and 610 units in July. Beginning and ending finished goods for June is expected to be 65 and 95 units, respectively. Julys ending finished goods is expected to be 125 units. The sales price per unit is $29 Its variable selling and administrative expenses are 16 percent of sales, and fixed selling and administrative expenses are $4700 per month. Emma's selling and administrative expense budget for June $__________
Manu has forecast sales to be $30100 in February, $47100 in March, $96800 in April, and $110500 in May. The average cost of goods sold is 70% of sales. 40% of sales are on made on credit, the rest are for cash. The sales on credit are collected 60% in the month of sale, and 40% the month following.
What are budgeted cash receipts on credit sales in April that were collected in April?
Robinson Corp., which operates on a calendar year, expects to sell 2155 units in October, and expects sales to increase 100 units each month thereafter. Sales price is expected to stay constant at $5 per unit. What are budgeted sales revenue for the fourth quarter?
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