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The Carmel Company is preparing a master budget for 2018. Relevant data pertaining to its sales budget are as follows Sales for the year are
The Carmel Company is preparing a master budget for 2018. Relevant data pertaining to its sales budget are as follows Sales for the year are expected to total 2,000,000 units. Quarterly sales are expected to be: 25% for Quarter 1: 30% for Quarter 2:1 5% for Quarter 3; and 30% for Quarter 4. The sales price per unit is expected to be $1.20 per unit for the first quarter and then be increased to $1.40 at the beginning of the second quarter and remain this amount per unit for the rest of the year. Instructions Prepare a sales budget for 2018 for Carmel Company by Quarter and total for the Year
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