Sales Budget

Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike'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, Smart Strike expects to sell the following:

Practice BallsMatch BallsUnitsSelling PriceUnitsSelling PriceJanuary50,000$8.257,000$16.00February58,000$8.257,500$16.00March80,000$8.2513,000$16.00April100,000$8.2518,000$16.00

Required:

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1. Construct a sales budget for Smart Strike 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.

JanuaryFebruaryMarchQuarterPractice ball:Unitsfill in the blank cdf82903405807e_1fill in the blank cdf82903405807e_2fill in the blank cdf82903405807e_3fill in the blank cdf82903405807e_4Unit price$fill in the blank cdf82903405807e_5$fill in the blank cdf82903405807e_6$fill in the blank cdf82903405807e_7$fill in the blank cdf82903405807e_8Sales$fill in the blank cdf82903405807e_9$fill in the blank cdf82903405807e_10$fill in the blank cdf82903405807e_11$fill in the blank cdf82903405807e_12Match ball:Unitsfill in the blank cdf82903405807e_13fill in the blank cdf82903405807e_14fill in the blank cdf82903405807e_15fill in the blank cdf82903405807e_16Unit price$fill in the blank cdf82903405807e_17$fill in the blank cdf82903405807e_18$fill in the blank cdf82903405807e_19$fill in the blank cdf82903405807e_20Sales$fill in the blank cdf82903405807e_21$fill in the blank cdf82903405807e_22$fill in the blank cdf82903405807e_23$fill in the blank cdf82903405807e_24Total sales$fill in the blank cdf82903405807e_25$fill in the blank cdf82903405807e_26$fill in the blank cdf82903405807e_27$fill in the blank cdf82903405807e_28

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The Sales Budget is the projection approved by the budget committee that describes expected sales for each product in units and dollars. The sales budget must be constructed first, before other budgets can be constructed.

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2. What if Smart Strike added a third linetournament 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 $45 each in January and February, and $48 each in March? Prepare a sales budget for Smart Strike 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.

JanuaryFebruaryMarchQuarterPractice ball:Unitsfill in the blank a1bcd6fe903ffba_1fill in the blank a1bcd6fe903ffba_2fill in the blank a1bcd6fe903ffba_3fill in the blank a1bcd6fe903ffba_4Unit price$fill in the blank a1bcd6fe903ffba_5$fill in the blank a1bcd6fe903ffba_6$fill in the blank a1bcd6fe903ffba_7$fill in the blank a1bcd6fe903ffba_8Sales$fill in the blank a1bcd6fe903ffba_9$fill in the blank a1bcd6fe903ffba_10$fill in the blank a1bcd6fe903ffba_11$fill in the blank a1bcd6fe903ffba_12Match ball:Unitsfill in the blank a1bcd6fe903ffba_13fill in the blank a1bcd6fe903ffba_14fill in the blank a1bcd6fe903ffba_15fill in the blank a1bcd6fe903ffba_16Unit price$fill in the blank a1bcd6fe903ffba_17$fill in the blank a1bcd6fe903ffba_18$fill in the blank a1bcd6fe903ffba_19$fill in the blank a1bcd6fe903ffba_20Sales$fill in the blank a1bcd6fe903ffba_21$fill in the blank a1bcd6fe903ffba_22$fill in the blank a1bcd6fe903ffba_23$fill in the blank a1bcd6fe903ffba_24Tournament ball:Unitsfill in the blank a1bcd6fe903ffba_25fill in the blank a1bcd6fe903ffba_26fill in the blank a1bcd6fe903ffba_27fill in the blank a1bcd6fe903ffba_28Unit price$fill in the blank a1bcd6fe903ffba_29$fill in the blank a1bcd6fe903ffba_30$fill in the blank a1bcd6fe903ffba_31$fill in the blank a1bcd6fe903ffba_32Sales$fill in the blank a1bcd6fe903ffba_33$fill in the blank a1bcd6fe903ffba_34$fill in the blank a1bcd6fe903ffba_35$fill in the blank a1bcd6fe903ffba_36Total sales$fill in the blank a1bcd6fe903ffba_37$fill in the blank a1bcd6fe903ffba_38$fill in the blank a1bcd6fe903ffba_39$fill in the blank a1bcd6fe903ffba_40