Question
Problem 1 (Sales Budget): Compute the budgeted sales for the first three months of the year under the following scenarios. The expected sales volume is
Problem 1 (Sales Budget): Compute the budgeted sales for the first three months of the year under the following scenarios. The expected sales volume is 3,000 units in January with 500-unit increments for each following months. Unit Sales price is P60.00 per unit. The expected sales volume is 4,000 units in January and a growth rate of 5% per month thereafter. Budgeted Selling price is P20.00 per unit for the first month and is expected to decrease by 10% every month. The following sales budget (in units) are expected for the first quarter January 30,000 units; February 45,000 units, and March 60,000 units. The selling price per unit is P10.00 per unit. 20% of total sales are on cash with the remaining on credit.
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