The Linen department at McFadden's Department store has planned sales of $375,000 for the upcoming spring/summer season. The turnover goal for the season is 1.8. Reductions are planned to come in at 10%, Operating Expenses at 40%, cash discounts of 0.9% and a profit for the department of 5.5% Month (Spring/Summer Season) February March April May June July % of Season's Sales 16 15 16 17 19 17 of Season's Reductions 15 18 15 20 16 16 Your task is to prepare a merchandise budget plan for McFadden's Department store for the Linen department February March April May June July Sales Plans 60,000 56,250 60,000 63,750 71,250 63,750 16% 15% Monthly sales Distribution % 16% 17% 19% 17% Reduction Plan S 9,000 10,125 9,000 12,750 11,400 10,200 15% 18% 15% Reduction Monthly Distribution % 20% 16% 16% Reduction Plan $ 9,000 10,125 9,000 12,750 11,400 10,200 15% Reduction Monthly Distribution % 18% 15% 20% 16% 16% BOM Plan $ 20,859 18,865 20,859 20,859 24,478 21,901 OM Plans Planned Purchases $ Planned Purchases @Cost Average Inventory: Average Stock: Basic Stock: Initial Markup: The Linen department at McFadden's Department store has planned sales of $375,000 for the upcoming spring/summer season. The turnover goal for the season is 1.8. Reductions are planned to come in at 10%, Operating Expenses at 40%, cash discounts of 0.9% and a profit for the department of 5.5% Month (Spring/Summer Season) February March April May June July % of Season's Sales 16 15 16 17 19 17 of Season's Reductions 15 18 15 20 16 16 Your task is to prepare a merchandise budget plan for McFadden's Department store for the Linen department February March April May June July Sales Plans 60,000 56,250 60,000 63,750 71,250 63,750 16% 15% Monthly sales Distribution % 16% 17% 19% 17% Reduction Plan S 9,000 10,125 9,000 12,750 11,400 10,200 15% 18% 15% Reduction Monthly Distribution % 20% 16% 16% Reduction Plan $ 9,000 10,125 9,000 12,750 11,400 10,200 15% Reduction Monthly Distribution % 18% 15% 20% 16% 16% BOM Plan $ 20,859 18,865 20,859 20,859 24,478 21,901 OM Plans Planned Purchases $ Planned Purchases @Cost Average Inventory: Average Stock: Basic Stock: Initial Markup