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I need help creating a sales budget for teh bottled water company. I dont understand how to take this quartly report and make a yearly
I need help creating a sales budget for teh bottled water company. I dont understand how to take this quartly report and make a yearly (in months) sales budget and production budget. Please help
Calculate The Bottled Water Company's net income for the new product in the coming year by completing the operating budgets and budgeted income state- ment that follow 1. Sales budget: The Bottled Water Company Sales Budget For the Year Ended December 31 Quarter 2 3 Year Sales in units selling price per unit Total sales 40,000 $1 $40,000 30,000 50,000 55,000 175,000 2. Production budget The Bottled Water Company Production Budget For the Year Ended December 31 Quarter 2 3 Year Sales in units Plus desired units of ending 40,000 2 finished goods inventory Desired total units 3,000 ? 6,000 6,000 43,000 Less desired units of beginning finished goods inventoryt Total production units 4,000 4,000 39,000 Desired units of ending finished goods inventory = 10% of next quarter's budgeted sales. tDesired units of beginning finished goods inventory saleS. 10% of current quarter's budgetedStep by Step Solution
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