Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best- selling lines are the practice

image text in transcribed

image text in transcribed

Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best- selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $15.00 February 56,000 $8.25 8,000 $15.00 March 80,000 $8.25 13,000 $15.00 April 100,000 $8.25 18,000 $15.00 Required: 1. Construct a sales budget for Flash Kick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. Flash Kick Company Sales Budget For the First Quarter of Next Year January February March Quarter Practice ball: Units Unit Price $ Sales Match ball: Units Unit Price $ Sales Total sales 2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. Flash Kick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units Unit price $ Sales Match ball: Units February S6,UUU ,UUU $15.UU March 80,000 $8.25 13,000 $15.00 April 100,000 $8.25 18,000 $15.00 Required: 1. Construct a sales budget for Flash Kick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter of Next Year January February March Quarter Practice ball: Units Unit Price $ Sales Match ball: Units Unit Price $ Sales Total sales 2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter January February March Quarter Practice ball: Units Unit price $ Sales Match ball: Units Unit Price OJ OLOO OOOOOOOOO OOOOOOOOON |0000000 Sales Tournament ball: Units Sales Total sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Sawyers Internal Auditing Enhancing And Protecting Organizational Value

Authors: The Internal Audit Foundation

7th Edition

1634540522, 9781634540520

More Books

Students also viewed these Accounting questions