Question
The Doalls based Company dorma is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: March 20,000
The Doalls based Company dorma is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were:
March 20,000 units
April 18,000 units
May 28,000 units
June 26,000 units
July 19,000 units
August 15,000 units
- The company expects this year's sales to increase by 30%. The selling price is $15 per unit. how to Prepare a Sales Budget for the dorma
2. The company desires to have finished inventory on hand at the end of each month equal to 30 percent of the following month's budgeted unit sales. On March 31, there were 3,000 units on hand. how to prepare a Production budget.
3. Dorma cash sales are insignificant. They collect 40% of their sales in the month of sale, 30% in the month after, 10% two months after, and then the remainder is written off. can you help me to prepare a cash collection schedule for June, July, and August.
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